Telecom Argentina Stet – France Telecom (NYSE:TEO) Releases Earnings Results, Beats Estimates By $0.11 EPS

Telecom Argentina Stet – France Telecom (NYSE:TEO) released its quarterly earnings data on Saturday. The utilities provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.25 by $0.11, Zacks reports. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%.The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion.

Telecom Argentina Stet – France Telecom Stock Performance

NYSE:TEO traded up $0.04 during mid-day trading on Friday, hitting $13.85. 318,011 shares of the company traded hands, compared to its average volume of 213,896. The stock’s fifty day moving average price is $13.63 and its 200-day moving average price is $12.47. Telecom Argentina Stet – France Telecom has a one year low of $6.43 and a one year high of $16.34. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 27.15 and a beta of 1.36.

Wall Street Analyst Weigh In

TEO has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 26th. Zacks Research lowered shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. upped their price objective on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. Finally, Morgan Stanley raised Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $13.00 to $17.00 in a research report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $15.55.

Insider Activity at Telecom Argentina Stet – France Telecom

In related news, Director Alejandro Alberto Urricelqui acquired 38,890 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average cost of $13.43 per share, with a total value of $522,292.70. Following the transaction, the director directly owned 399,348 shares in the company, valued at approximately $5,363,243.64. This represents a 10.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of Telecom Argentina Stet – France Telecom in the first quarter worth approximately $379,000. Arrowstreet Capital Limited Partnership raised its position 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 valued at $925,000 after purchasing an additional 79,893 shares during the period. Marshall Wace LLP purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter valued at $346,000. Jump Financial LLC purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter valued at $596,000. Finally, Jane Street Group LLC bought a new position in Telecom Argentina Stet – France Telecom in the 2nd quarter worth $578,000.

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.