Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Gap Up – Still a Buy?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) gapped up prior to trading on Friday . The stock had previously closed at $13.81, but opened at $15.25. Telecom Argentina Stet – France Telecom shares last traded at $15.00, with a volume of 303,386 shares trading hands.

Analyst Ratings Changes

A number of brokerages have weighed in on TEO. Scotiabank upped their price target on Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a research report on Wednesday. Weiss Ratings raised shares of Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. raised shares of Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $12.00 to $16.00 in a research note on Wednesday, April 29th. Finally, Zacks Research raised shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Telecom Argentina Stet – France Telecom presently has a consensus rating of “Hold” and an average target price of $14.07.

Telecom Argentina Stet – France Telecom Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.56. The company’s 50 day moving average price is $11.83 and its 200 day moving average price is $11.84. The firm has a market capitalization of $6.23 billion, a P/E ratio of 28.40 and a beta of 1.26.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. Telecom Argentina Stet – France Telecom had a net margin of 3.33% and a return on equity of 4.05%. The business had revenue of $1.35 billion for the quarter. As a group, sell-side analysts anticipate that Telecom Argentina Stet – France Telecom S.A. will post 1.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Several hedge funds have recently added to or reduced their stakes in the company. RWC Asset Management LLP boosted its holdings in Telecom Argentina Stet – France Telecom by 50.7% in the fourth quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock valued at $11,717,000 after acquiring an additional 339,416 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in Telecom Argentina Stet – France Telecom in the first quarter valued at approximately $8,565,000. Sagil Capital LLP bought a new position in Telecom Argentina Stet – France Telecom in the fourth quarter valued at approximately $7,629,000. Banco BTG Pactual S.A. bought a new position in Telecom Argentina Stet – France Telecom in the third quarter valued at approximately $2,725,000. Finally, UBS Group AG boosted its stake in Telecom Argentina Stet – France Telecom by 25.7% in the fourth quarter. UBS Group AG now owns 293,659 shares of the utilities provider’s stock valued at $3,409,000 after acquiring an additional 60,033 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.