Telecom Argentina Stet – France Telecom (NYSE:TEO) Rating Lowered to Sector Underperform at Scotiabank

Telecom Argentina Stet – France Telecom (NYSE:TEO) was downgraded by stock analysts at Scotiabank from a “sector perform” rating to a “sector underperform” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. They currently have a $8.60 price target on the utilities provider’s stock. Scotiabank’s target price would indicate a potential downside of 22.62% from the company’s previous close.

Several other brokerages have also commented on TEO. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 29th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $11.70.

Telecom Argentina Stet – France Telecom Stock Down 4.4%

Shares of Telecom Argentina Stet – France Telecom stock opened at $11.11 on Friday. 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 has a 12-month low of $6.43 and a 12-month high of $13.81. The company has a market cap of $4.79 billion, a P/E ratio of -33.68 and a beta of 1.26. The company’s fifty day simple moving average is $11.76 and its two-hundred day simple moving average is $10.78.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its earnings results on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. Telecom Argentina Stet – France Telecom had a negative net margin of 2.17% and a negative return on equity of 2.53%. The firm had revenue of $1.35 billion during the quarter. Research analysts anticipate that Telecom Argentina Stet – France Telecom will post 1.28 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Hsbc Holdings PLC bought a new stake in Telecom Argentina Stet – France Telecom during the fourth quarter worth about $171,000. XTX Topco Ltd bought a new position in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at approximately $189,000. Millennium Management LLC lifted its holdings in shares of Telecom Argentina Stet – France Telecom by 160.8% during the fourth quarter. Millennium Management LLC now owns 125,593 shares of the utilities provider’s stock valued at $1,458,000 after purchasing an additional 77,437 shares during the last quarter. EFG International AG purchased a new position in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at approximately $58,000. Finally, State of Wisconsin Investment Board bought a new stake in shares of Telecom Argentina Stet – France Telecom in the 4th quarter worth approximately $302,000.

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.