Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock Price Down 7.8% – What’s Next?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) dropped 7.8% during trading on Tuesday . The stock traded as low as $8.43 and last traded at $8.30. Approximately 185,305 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 202,928 shares. The stock had previously closed at $9.00.

Analyst Upgrades and Downgrades

Separately, Scotiabank reiterated an “underperform” rating on shares of Telecom Argentina Stet – France Telecom in a report on Thursday, May 15th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Telecom Argentina Stet – France Telecom has a consensus rating of “Reduce” and a consensus target price of $10.23.

Telecom Argentina Stet – France Telecom Trading Down 5.4%

The stock has a market cap of $3.67 billion, a P/E ratio of -283.74 and a beta of 1.34. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average price is $9.19 and its 200 day moving average price is $10.00.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

A number of hedge funds have recently bought and sold shares of TEO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Telecom Argentina Stet – France Telecom by 111.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,327,035 shares of the utilities provider’s stock worth $29,297,000 after purchasing an additional 1,224,369 shares in the last quarter. Bosun Asset Management LLC purchased a new position in Telecom Argentina Stet – France Telecom in the 4th quarter worth about $1,031,000. Arrowstreet Capital Limited Partnership raised its position in Telecom Argentina Stet – France Telecom by 321.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock worth $925,000 after buying an additional 79,893 shares during the last quarter. Jump Financial LLC purchased a new position in Telecom Argentina Stet – France Telecom in the 2nd quarter worth about $596,000. Finally, Jane Street Group LLC purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter valued at about $578,000.

Telecom Argentina Stet – France Telecom Company Profile

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.