Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Cross Above 200 Day Moving Average – What’s Next?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.73 and traded as high as $12.36. Telecom Argentina Stet – France Telecom shares last traded at $11.6230, with a volume of 197,496 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TEO shares. 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. One 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’s stock. Based on data from MarketBeat.com, Telecom Argentina Stet – France Telecom presently has a consensus rating of “Reduce” and a consensus price target of $11.57.

Telecom Argentina Stet – France Telecom Stock Performance

The company has a market capitalization of $5.01 billion, a PE ratio of -35.22 and a beta of 1.26. The business’s fifty day moving average is $11.76 and its two-hundred day moving average is $10.73. The company has a current ratio of 0.48, a quick ratio of 0.46 and a debt-to-equity ratio of 0.55.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its earnings results on Tuesday, March 10th. The utilities provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate 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%. Equities research analysts predict that Telecom Argentina Stet – France Telecom S.A. will post 1.28 earnings per share for the current year.

Institutional Trading of Telecom Argentina Stet – France Telecom

A number of large investors have recently made changes to their positions in TEO. Van ECK Associates Corp bought a new position in Telecom Argentina Stet – France Telecom during the third quarter valued at approximately $43,000. EFG International AG purchased a new position in shares of Telecom Argentina Stet – France Telecom in the 4th quarter worth $58,000. Qube Research & Technologies Ltd bought a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter worth $98,000. Engineers Gate Manager LP purchased a new stake in Telecom Argentina Stet – France Telecom during the second quarter valued at $110,000. Finally, Hsbc Holdings PLC bought a new position in Telecom Argentina Stet – France Telecom in the fourth quarter valued at about $171,000.

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.