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

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.31 and traded as high as $13.54. Telecom Argentina Stet – France Telecom shares last traded at $12.8570, with a volume of 122,139 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on TEO. Zacks Research lowered shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a report on Thursday, October 9th. UBS Group set a $17.00 price objective on shares of Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a report on Monday, November 3rd. Scotiabank upgraded shares of Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and lifted their target price for the company from $4.50 to $8.20 in a research note on Monday, September 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $11.93.

Telecom Argentina Stet – France Telecom Price Performance

The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average price is $9.11 and its 200-day moving average price is $9.31. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of -428.42 and a beta of 1.34.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued 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. 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. Equities research analysts anticipate 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 company also recently declared a dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Monday, November 24th will be paid a dividend of $0.0452 per share. The ex-dividend date of this dividend is Monday, November 24th. Telecom Argentina Stet – France Telecom’s dividend payout ratio is -82.86%.

Institutional Trading of Telecom Argentina Stet – France Telecom

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Telecom Argentina Stet – France Telecom by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,872 shares of the utilities provider’s stock valued at $25,270,000 after buying an additional 152,837 shares during the period. Cetera Investment Advisers bought a new stake in shares of Telecom Argentina Stet – France Telecom during the 1st quarter valued at $271,000. Hsbc Holdings PLC bought a new stake in shares of Telecom Argentina Stet – France Telecom during the 1st quarter valued at $119,000. Invesco Ltd. lifted its stake in shares of Telecom Argentina Stet – France Telecom by 19.8% in the 1st quarter. Invesco Ltd. now owns 56,029 shares of the utilities provider’s stock valued at $571,000 after purchasing an additional 9,243 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Telecom Argentina Stet – France Telecom in the 1st quarter worth $329,000.

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.