Analysts Set Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Target Price at $11.70

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) has received a consensus rating of “Reduce” from the five brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $11.70.

A number of research analysts recently commented on TEO shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. Scotiabank cut Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and lifted their price target for the company from $8.20 to $8.60 in a research report 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.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Institutional investors and hedge funds have recently bought and sold shares of the business. RWC Asset Management LLP increased its stake in 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 in the last quarter. Sagil Capital LLP acquired a new stake in Telecom Argentina Stet – France Telecom during the 4th quarter worth about $7,629,000. Banco BTG Pactual S.A. purchased a new stake in Telecom Argentina Stet – France Telecom during the third quarter valued at about $2,725,000. UBS Group AG boosted its holdings in shares of Telecom Argentina Stet – France Telecom by 25.7% in the fourth quarter. UBS Group AG now owns 293,659 shares of the utilities provider’s stock worth $3,409,000 after buying an additional 60,033 shares during the period. Finally, Two Sigma Investments LP boosted its holdings in shares of Telecom Argentina Stet – France Telecom by 317.8% in the third quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock worth $1,484,000 after buying an additional 155,299 shares during the period.

Telecom Argentina Stet – France Telecom Stock Performance

TEO stock opened at $11.62 on Friday. Telecom Argentina Stet – France Telecom has a 1 year low of $6.43 and a 1 year high of $13.81. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of -35.21 and a beta of 1.27. 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 stock’s fifty day moving average is $11.73 and its two-hundred day moving average is $11.00.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its quarterly earnings results 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 net margin of 2.17% and a negative return on equity of 2.53%. On average, research analysts predict that Telecom Argentina Stet – France Telecom will post 1.28 EPS for the current year.

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.