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

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.62 and traded as high as $11.66. Telecom Argentina Stet – France Telecom shares last traded at $11.32, with a volume of 153,394 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report 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 report on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $11.57.

Telecom Argentina Stet – France Telecom Price Performance

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.46 and a current ratio of 0.48. The firm has a market cap of $4.88 billion, a PE ratio of -34.30 and a beta of 1.26. The stock has a 50 day simple moving average of $11.71 and a two-hundred day simple moving average of $10.62.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its quarterly earnings data on Wednesday, March 11th. The utilities provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.53 billion. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.53% and a negative net margin of 2.17%. Sell-side analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 1.28 earnings per share for the current year.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Several institutional investors and hedge funds have recently modified their holdings of the business. Sagil Capital LLP acquired a new position in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at approximately $7,629,000. Banco BTG Pactual S.A. acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter worth approximately $2,725,000. RWC Asset Management LLP boosted its stake in shares of Telecom Argentina Stet – France Telecom by 50.7% in 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 during the last quarter. Marshall Wace LLP purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the fourth quarter worth approximately $1,969,000. Finally, Two Sigma Investments LP increased its position in shares of Telecom Argentina Stet – France Telecom by 317.8% during 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 in 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.