Telecom Argentina Stet – France Telecom (NYSE:TEO) Sees Strong Trading Volume – Should You Buy?

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) saw an uptick in trading volume on Thursday . 309,586 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 282,800 shares.The stock last traded at $12.1420 and had previously closed at $11.82.

Analysts Set New Price Targets

Several brokerages have recently commented on TEO. Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings cut Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. raised shares of Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $12.00 to $16.00 in a research report on Wednesday, April 29th. Finally, Scotiabank downgraded shares of Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and boosted their target price for the stock from $8.20 to $8.60 in a research report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.87.

Telecom Argentina Stet – France Telecom Stock Up 5.6%

The company has a quick ratio of 0.46, a current ratio of 0.48 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $5.37 billion, a PE ratio of -37.41 and a beta of 1.26. The company’s 50 day moving average is $11.62 and its two-hundred day moving average is $11.76.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $1.35 billion for the quarter. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.53% and a negative net margin of 2.17%. On average, analysts anticipate that Telecom Argentina Stet – France Telecom S.A. will post 0.67 earnings per share for the current year.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Large investors have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd increased its position in Telecom Argentina Stet – France Telecom by 8.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 21,330 shares of the utilities provider’s stock valued at $249,000 after acquiring an additional 1,628 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Telecom Argentina Stet – France Telecom by 21.3% during the 2nd quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider’s stock worth $237,000 after acquiring an additional 4,714 shares during the last quarter. EFG International AG purchased a new position in Telecom Argentina Stet – France Telecom during the 4th quarter valued at $58,000. Van ECK Associates Corp bought a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at $43,000. Finally, Engineers Gate Manager LP purchased a new stake in Telecom Argentina Stet – France Telecom in the second quarter worth $110,000.

Telecom Argentina Stet – France Telecom Company Profile

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.