Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) to Issue Dividend of $0.05

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) announced a dividend on Friday, January 1st. Stockholders of record on Monday, November 24th will be given a dividend of 0.0452 per share by the utilities provider on Wednesday, December 3rd. The ex-dividend date of this dividend is Monday, November 24th.

Telecom Argentina Stet – France Telecom has decreased its dividend payment by an average of 1.0%per year over the last three years. Telecom Argentina Stet – France Telecom has a dividend payout ratio of 193.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Telecom Argentina Stet – France Telecom to earn ($1.36) per share next year, which means the company may not be able to cover its $0.29 annual dividend with an expected future payout ratio of -21.3%.

Telecom Argentina Stet – France Telecom Price Performance

Shares of NYSE:TEO opened at $11.90 on Friday. The business has a fifty day moving average price of $9.30 and a 200-day moving average price of $9.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.43 and a quick ratio of 0.39. The company has a market capitalization of $5.12 billion, a PE ratio of -396.37 and a beta of 1.35. Telecom Argentina Stet – France Telecom has a 1-year low of $6.43 and a 1-year high of $15.53.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its quarterly earnings data 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. Telecom Argentina Stet – France Telecom had a negative net margin of 0.28% and a negative return on equity of 0.26%. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, equities analysts expect that Telecom Argentina Stet – France Telecom will post 1.28 EPS for the current fiscal year.

Institutional Trading of Telecom Argentina Stet – France Telecom

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RWC Asset Management LLP grew its position in shares of Telecom Argentina Stet – France Telecom by 0.4% during the 3rd quarter. RWC Asset Management LLP now owns 669,828 shares of the utilities provider’s stock valued at $4,870,000 after acquiring an additional 2,383 shares during the period. Bank of America Corp DE grew its holdings in Telecom Argentina Stet – France Telecom by 21.3% during the second 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 during the period. Van ECK Associates Corp purchased a new stake in Telecom Argentina Stet – France Telecom in the third quarter worth about $43,000. Invesco Ltd. increased its position in Telecom Argentina Stet – France Telecom by 19.8% in the first quarter. Invesco Ltd. now owns 56,029 shares of the utilities provider’s stock worth $571,000 after buying an additional 9,243 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Telecom Argentina Stet – France Telecom in the first quarter worth about $119,000.

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.