Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Receives $11.93 Consensus Price Target from Analysts

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have received an average rating of “Reduce” from the six brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $11.9250.

A number of brokerages have issued reports on TEO. Zacks Research downgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. UBS Group set a $17.00 price target on shares of Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a report 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, December 29th.

Institutional Trading of Telecom Argentina Stet – France Telecom

Several large investors have recently bought and sold shares of the business. Jump Financial LLC bought a new position in shares of Telecom Argentina Stet – France Telecom during the second quarter valued at $596,000. Two Sigma Investments LP grew its stake in shares of Telecom Argentina Stet – France Telecom by 317.8% in the third quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock worth $1,484,000 after purchasing an additional 155,299 shares during the last quarter. RWC Asset Management LLP increased its holdings in Telecom Argentina Stet – France Telecom by 0.4% in the third quarter. RWC Asset Management LLP now owns 669,828 shares of the utilities provider’s stock valued at $4,870,000 after purchasing an additional 2,383 shares during the period. Ping Capital Management Inc. acquired a new stake in Telecom Argentina Stet – France Telecom in the third quarter valued at $278,000. Finally, Monaco Asset Management SAM bought a new position in Telecom Argentina Stet – France Telecom during the 3rd quarter worth $872,000.

Telecom Argentina Stet – France Telecom Price Performance

Telecom Argentina Stet – France Telecom stock opened at $11.28 on Monday. The firm has a market cap of $4.86 billion, a PE ratio of -32.24 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 stock’s fifty day moving average price is $11.78 and its two-hundred day moving average price is $9.89. Telecom Argentina Stet – France Telecom has a one year low of $6.43 and a one year high of $13.54.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its earnings results on Monday, November 10th. The utilities provider reported ($0.36) earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. As a group, research analysts expect that Telecom Argentina Stet – France Telecom will post 1.28 EPS for the current fiscal year.

Telecom Argentina Stet – France Telecom Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, December 3rd. Stockholders 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 payout ratio is -14.29%.

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.