Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.51 and traded as high as $12.12. Telecom Argentina Stet – France Telecom shares last traded at $11.8310, with a volume of 180,904 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TEO shares. UBS Group set a $17.00 target price on shares of Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a research report on Monday, November 3rd. Zacks Research raised Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. Scotiabank upgraded Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and increased their target price for the company from $4.50 to $8.20 in a report on Monday, September 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 8th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $11.93.

Telecom Argentina Stet – France Telecom Trading Down 1.2%

The business has a 50 day simple moving average of $10.78 and a two-hundred day simple moving average of $9.51. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56. The company has a market cap of $5.10 billion, a PE ratio of -33.80 and a beta of 1.15.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its earnings results on Monday, November 10th. The utilities provider reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.13. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.64% and a negative net margin of 2.55%. On average, analysts forecast that Telecom Argentina Stet – France Telecom S.A. will post 1.28 EPS for the current fiscal year.

Telecom Argentina Stet – France Telecom Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, November 24th were issued a $0.0452 dividend. The ex-dividend date was Monday, November 24th. Telecom Argentina Stet – France Telecom’s payout ratio is presently -14.29%.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

A number of hedge funds have recently made changes to their positions in TEO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Telecom Argentina Stet – France Telecom by 6.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,872 shares of the utilities provider’s stock worth $25,270,000 after purchasing an additional 152,837 shares during the period. Cetera Investment Advisers acquired a new stake in Telecom Argentina Stet – France Telecom during the 1st quarter worth approximately $271,000. Hsbc Holdings PLC purchased a new position in Telecom Argentina Stet – France Telecom in the first quarter valued at approximately $119,000. Invesco Ltd. lifted its position in Telecom Argentina Stet – France Telecom by 19.8% during the first quarter. Invesco Ltd. now owns 56,029 shares of the utilities provider’s stock valued at $571,000 after buying an additional 9,243 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Telecom Argentina Stet – France Telecom during the first quarter worth approximately $329,000.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.