Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Gap Down – Here’s Why

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $12.55, but opened at $11.65. Telecom Argentina Stet – France Telecom shares last traded at $11.2840, with a volume of 622,895 shares traded.

Analyst Ratings Changes

TEO has been the subject of several recent analyst reports. UBS Group set a $17.00 price target on Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a research note on Monday, November 3rd. Zacks Research downgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $11.93.

Telecom Argentina Stet – France Telecom Stock Down 9.1%

The firm has a market cap of $4.91 billion, a price-to-earnings ratio of -32.58 and a beta of 1.22. The business has a fifty day simple moving average of $11.88 and a 200 day simple moving average of $10.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.52 and a quick ratio of 0.50.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its quarterly earnings results on Monday, November 10th. The utilities provider reported ($0.36) EPS for the quarter, topping the consensus estimate of ($0.49) by $0.13. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations 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%. As a group, equities 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 firm also recently announced a special dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, November 24th were issued a dividend of $0.0452 per share. The ex-dividend date of this dividend was Monday, November 24th. Telecom Argentina Stet – France Telecom’s dividend payout ratio is presently -14.29%.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Engineers Gate Manager LP purchased a new stake in Telecom Argentina Stet – France Telecom during the 2nd quarter valued at about $110,000. Bank of America Corp DE boosted its holdings 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 purchasing an additional 4,714 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the second quarter valued at approximately $578,000. Banco BTG Pactual S.A. purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter valued at approximately $2,725,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Telecom Argentina Stet – France Telecom by 80.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 151,425 shares of the utilities provider’s stock valued at $1,758,000 after purchasing an additional 67,459 shares during the last quarter.

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.