Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.67 and traded as high as $11.69. Telecom Argentina Stet – France Telecom shares last traded at $11.64, with a volume of 105,954 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TEO shares. UBS Group set a $17.00 target price on Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday. Scotiabank raised shares of Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and lifted their price objective for the stock from $4.50 to $8.20 in a research report on Monday, September 8th. Finally, Zacks Research raised shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $11.93.

Telecom Argentina Stet – France Telecom Price Performance

The stock has a market cap of $5.01 billion, a PE ratio of -33.26 and a beta of 1.22. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.52 and a quick ratio of 0.50. The firm’s 50 day moving average price is $11.87 and its two-hundred day moving average price is $9.67.

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

Telecom Argentina Stet – France Telecom Dividend Announcement

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

Institutional Trading of Telecom Argentina Stet – France Telecom

Several institutional investors and hedge funds have recently bought and sold shares of TEO. Van ECK Associates Corp purchased a new position in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter worth about $43,000. Hsbc Holdings PLC bought a new stake in Telecom Argentina Stet – France Telecom in the 1st quarter worth approximately $119,000. Engineers Gate Manager LP purchased a new stake in Telecom Argentina Stet – France Telecom in the second quarter worth approximately $110,000. Qube Research & Technologies Ltd bought a new position in Telecom Argentina Stet – France Telecom during the third quarter valued at approximately $98,000. Finally, Bank of America Corp DE grew its position 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 acquiring an additional 4,714 shares during the last quarter.

About Telecom Argentina Stet – France Telecom

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.