Telecom Argentina Stet – France Telecom (NYSE:TEO) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 changing hands.

Analyst Ratings Changes

TEO has been the topic of a number of recent analyst reports. Scotiabank cut 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 report on Friday, March 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Telecom Argentina Stet – France Telecom currently has an average rating of “Reduce” and an average target price of $11.70.

Telecom Argentina Stet – France Telecom Price Performance

The company has a 50 day moving average of $11.75 and a 200 day moving average of $10.91. 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 price-to-earnings ratio of -35.46 and a beta of 1.27.

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

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

A number of large investors have recently added to or reduced their stakes in the company. Monaco Asset Management SAM bought a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter valued at about $872,000. Two Sigma Investments LP grew its holdings in shares of Telecom Argentina Stet – France Telecom by 317.8% during 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 in the last quarter. Millennium Management LLC raised its position in Telecom Argentina Stet – France Telecom by 160.8% in the 4th quarter. Millennium Management LLC now owns 125,593 shares of the utilities provider’s stock valued at $1,458,000 after buying an additional 77,437 shares during the last quarter. BNP Paribas Financial Markets raised its position in Telecom Argentina Stet – France Telecom by 34.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 149,672 shares of the utilities provider’s stock valued at $1,322,000 after buying an additional 38,107 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Telecom Argentina Stet – France Telecom by 321.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock valued at $925,000 after acquiring an additional 79,893 shares in the last quarter.

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.