Telecom Argentina Stet – France Telecom (NYSE:TEO) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.19 and traded as high as $11.99. Telecom Argentina Stet – France Telecom shares last traded at $11.9450, with a volume of 67,494 shares.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TEO. Scotiabank lowered Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and raised their price target for the stock from $8.20 to $8.60 in a research note on Friday, March 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. Finally, Zacks Research raised Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Telecom Argentina Stet – France Telecom currently has an average rating of “Reduce” and an average price target of $11.70.

Telecom Argentina Stet – France Telecom Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 0.48 and a quick ratio of 0.46. The firm has a market cap of $5.15 billion, a PE ratio of -36.20 and a beta of 1.27. The firm has a 50-day simple moving average of $11.53 and a 200 day simple moving average of $11.19.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. The business had revenue of $1.35 billion during the quarter. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.53% and a negative net margin of 2.17%. As a group, equities analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 1.28 EPS for the current year.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEO. Sagil Capital LLP purchased a new position in shares of Telecom Argentina Stet – France Telecom in the 4th quarter worth about $7,629,000. Banco BTG Pactual S.A. purchased a new position in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter worth about $2,725,000. RWC Asset Management LLP raised its position in shares of Telecom Argentina Stet – France Telecom by 50.7% in the 4th quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock worth $11,717,000 after purchasing an additional 339,416 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Telecom Argentina Stet – France Telecom in the 4th quarter worth about $1,969,000. Finally, Two Sigma Investments LP raised its position in shares of Telecom Argentina Stet – France Telecom by 317.8% in the 3rd 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.

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.