Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Given Consensus Recommendation of “Hold” by Analysts

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have earned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $11.9250.

TEO has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Scotiabank upgraded Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and boosted their price objective for the company from $4.50 to $8.20 in a research note on Monday, September 8th. UBS Group set a $17.00 target price on Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Hedge funds have recently bought and sold shares of the stock. RWC Asset Management LLP lifted its holdings in shares of Telecom Argentina Stet – France Telecom by 0.4% in the 3rd quarter. RWC Asset Management LLP now owns 669,828 shares of the utilities provider’s stock worth $4,870,000 after acquiring an additional 2,383 shares during the last quarter. Bank of America Corp DE boosted its holdings in Telecom Argentina Stet – France Telecom by 21.3% during the 2nd 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 period. Van ECK Associates Corp bought a new position in Telecom Argentina Stet – France Telecom during the 3rd quarter worth approximately $43,000. Invesco Ltd. grew its position in Telecom Argentina Stet – France Telecom by 19.8% during the 1st quarter. Invesco Ltd. now owns 56,029 shares of the utilities provider’s stock worth $571,000 after acquiring an additional 9,243 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new stake in Telecom Argentina Stet – France Telecom in the first quarter valued at approximately $119,000.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of Telecom Argentina Stet – France Telecom stock opened at $11.27 on Thursday. The company has a market cap of $4.85 billion, a PE ratio of -32.20 and a beta of 1.15. The business has a 50 day moving average price of $11.41 and a 200-day moving average price of $9.59. Telecom Argentina Stet – France Telecom has a 52 week low of $6.43 and a 52 week high of $15.53. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.56.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its quarterly earnings data on Monday, November 10th. The utilities provider reported ($0.36) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Equities analysts anticipate that Telecom Argentina Stet – France Telecom will post 1.28 earnings per share for the current fiscal 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 given a $0.0452 dividend. The ex-dividend date was Monday, November 24th. Telecom Argentina Stet – France Telecom’s dividend payout ratio is -14.29%.

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.