Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.91 and traded as high as $11.84. Telecom Argentina Stet – France Telecom shares last traded at $11.7010, with a volume of 434,848 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TEO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. Scotiabank lowered shares of Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and raised their target price for the stock from $8.20 to $8.60 in a research note on Friday, March 27th. Finally, Zacks Research upgraded 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, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $11.70.

Telecom Argentina Stet – France Telecom Stock Performance

The firm has a fifty day moving average price of $11.75 and a 200 day moving average price of $10.94. The company has a current ratio of 0.48, a quick ratio of 0.46 and a debt-to-equity ratio of 0.55. The firm has a market cap of $5.04 billion, a PE ratio of -35.46 and a beta of 1.27.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share 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 research analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Large investors have recently modified their holdings of the company. Van ECK Associates Corp acquired a new position in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter valued at $43,000. EFG International AG acquired a new stake in Telecom Argentina Stet – France Telecom during the 4th quarter worth $58,000. Qube Research & Technologies Ltd purchased a new position in Telecom Argentina Stet – France Telecom during the 3rd quarter worth $98,000. Engineers Gate Manager LP purchased a new position in Telecom Argentina Stet – France Telecom during the 2nd quarter worth $110,000. Finally, Hsbc Holdings PLC acquired a new position in Telecom Argentina Stet – France Telecom in the fourth quarter valued at $171,000.

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.