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

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.76 and traded as high as $11.41. Telecom Argentina Stet – France Telecom shares last traded at $11.2810, with a volume of 128,031 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TEO shares. Zacks Research raised Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. Finally, UBS Group set a $17.00 target price on shares of Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a research report on Monday, November 3rd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Telecom Argentina Stet – France Telecom presently has an average rating of “Hold” and an average target price of $11.93.

Telecom Argentina Stet – France Telecom Trading Down 0.6%

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 $11.99 and its 200 day moving average price is $9.77. The stock has a market capitalization of $4.86 billion, a P/E ratio of -32.23 and a beta of 1.22.

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

Telecom Argentina Stet – France Telecom Announces Dividend

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

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

A number of large investors have recently modified their holdings of TEO. RWC Asset Management LLP increased its position in shares of Telecom Argentina Stet – France Telecom by 0.4% during the third quarter. RWC Asset Management LLP now owns 669,828 shares of the utilities provider’s stock valued at $4,870,000 after buying an additional 2,383 shares during the period. Banco BTG Pactual S.A. bought a new position in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter worth approximately $2,725,000. UBS Group AG lifted its stake in shares of Telecom Argentina Stet – France Telecom by 18.6% in the 3rd quarter. UBS Group AG now owns 233,626 shares of the utilities provider’s stock valued at $1,698,000 after purchasing an additional 36,642 shares during the period. Two Sigma Investments LP boosted its position in shares of Telecom Argentina Stet – France Telecom by 317.8% during the third quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock valued at $1,484,000 after purchasing an additional 155,299 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Telecom Argentina Stet – France Telecom by 34.2% in the second quarter. BNP Paribas Financial Markets now owns 149,672 shares of the utilities provider’s stock worth $1,322,000 after purchasing an additional 38,107 shares during the period.

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.