Telecom Argentina Stet – France Telecom (NYSE:TEO) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Telecom Argentina Stet – France Telecom (NYSE:TEO) issued its earnings results on Tuesday. The utilities provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08, FiscalAI reports. 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 net margin of 2.55% and a negative return on equity of 2.64%.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of TEO traded up $0.56 during trading hours on Tuesday, hitting $11.68. The company had a trading volume of 258,545 shares, compared to its average volume of 281,464. The business has a fifty day moving average of $11.70 and a 200-day moving average of $10.49. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.56. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of -33.36 and a beta of 1.26. Telecom Argentina Stet – France Telecom has a 12 month low of $6.43 and a 12 month high of $13.81.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Banco BTG Pactual S.A. acquired a new stake in Telecom Argentina Stet – France Telecom during the third quarter worth approximately $2,725,000. Marshall Wace LLP bought a new stake in shares of Telecom Argentina Stet – France Telecom during the 4th quarter valued at $1,969,000. Two Sigma Investments LP lifted its position in shares of Telecom Argentina Stet – France Telecom by 317.8% during the 3rd quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock valued at $1,484,000 after acquiring an additional 155,299 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Telecom Argentina Stet – France Telecom by 321.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock worth $925,000 after purchasing an additional 79,893 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Telecom Argentina Stet – France Telecom by 160.8% in the fourth quarter. Millennium Management LLC now owns 125,593 shares of the utilities provider’s stock worth $1,458,000 after purchasing an additional 77,437 shares during the period.

Analyst Upgrades and Downgrades

TEO has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. 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, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Telecom Argentina Stet – France Telecom has an average rating of “Reduce” and a consensus price target of $11.57.

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.