Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Receives $11.57 Average Price Target from Brokerages

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have received an average rating of “Reduce” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $11.5667.

A number of equities research analysts recently issued reports on TEO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of TEO opened at $11.67 on Tuesday. The firm has a market cap of $5.03 billion, a PE ratio of -35.37 and a beta of 1.26. The stock’s fifty day moving average price is $11.71 and its two-hundred day moving average price is $10.53. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.48 and a quick ratio of 0.50. Telecom Argentina Stet – France Telecom has a 1 year low of $6.43 and a 1 year high of $13.81.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its quarterly earnings results on Wednesday, March 11th. The utilities provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.04. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.53% and a negative net margin of 2.17%.The company had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.53 billion. On average, equities research analysts forecast that Telecom Argentina Stet – France Telecom will post 1.28 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. RWC Asset Management LLP lifted its position in shares of Telecom Argentina Stet – France Telecom by 50.7% during the fourth quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock worth $11,717,000 after acquiring an additional 339,416 shares in the last quarter. Sagil Capital LLP bought a new position in shares of Telecom Argentina Stet – France Telecom in the fourth quarter worth $7,629,000. Banco BTG Pactual S.A. purchased a new position in shares of Telecom Argentina Stet – France Telecom in the third quarter valued at $2,725,000. UBS Group AG grew its position in shares of Telecom Argentina Stet – France Telecom by 25.7% in the fourth quarter. UBS Group AG now owns 293,659 shares of the utilities provider’s stock valued at $3,409,000 after purchasing an additional 60,033 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Telecom Argentina Stet – France Telecom by 317.8% during the 3rd 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 during the period.

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.