Telecom Argentina Stet – France Telecom (NYSE:TEO) Sets New 1-Year High – Time to Buy?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $13.58 and last traded at $12.98, with a volume of 76024 shares trading hands. The stock had previously closed at $13.38.

Analyst Upgrades and Downgrades

TEO has been the topic of several analyst reports. UBS Group set a $17.00 price target on shares of Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 29th. Finally, Zacks Research downgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $11.93.

Telecom Argentina Stet – France Telecom Trading Down 1.2%

The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.56. The company’s fifty day moving average is $11.81 and its two-hundred day moving average is $10.07. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of -38.46 and a beta of 1.22.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its quarterly earnings results on Monday, November 10th. The utilities provider reported ($0.36) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.13. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.64% and a negative net margin of 2.55%. On average, research analysts predict that Telecom Argentina Stet – France Telecom S.A. will post 1.28 EPS for the current fiscal year.

Telecom Argentina Stet – France Telecom Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, November 24th were paid a dividend of $0.0452 per share. The ex-dividend date was Monday, November 24th. Telecom Argentina Stet – France Telecom’s dividend payout ratio is currently -14.29%.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Large investors have recently modified their holdings of the stock. Van ECK Associates Corp acquired a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at $43,000. Qube Research & Technologies Ltd purchased a new position in Telecom Argentina Stet – France Telecom during the third quarter worth about $98,000. Engineers Gate Manager LP acquired a new stake in Telecom Argentina Stet – France Telecom in the second quarter valued at about $110,000. Bank of America Corp DE boosted its holdings in Telecom Argentina Stet – France Telecom by 21.3% in the 2nd quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 4,714 shares in the last quarter. Finally, Ping Capital Management Inc. purchased a new stake in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at approximately $278,000.

Telecom Argentina Stet – France Telecom Company Profile

Telecom Argentina Stet – France Telecom (NYSE:TEO) is an integrated telecommunications provider based in Buenos Aires, Argentina. Originally formed through the 1990 privatization of the state-owned Empresa Nacional de Telecomunicaciones (ENTel), the company was initially backed by Italian state carrier STET and French operator France Télécom. Since its listing on the New York Stock Exchange under the ticker TEO, Telecom Argentina has evolved into one of the country’s principal communications groups, offering a comprehensive portfolio of voice and data services.

The company’s core business activities span fixed-line telephony, mobile services, broadband internet and digital television.