Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Gap Down – Should You Sell?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $11.52, but opened at $11.08. Telecom Argentina Stet – France Telecom shares last traded at $11.1650, with a volume of 1,169 shares.

Analyst Upgrades and Downgrades

TEO has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 29th. UBS Group set a $17.00 price target on shares of Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Zacks Research raised Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Telecom Argentina Stet – France Telecom currently has a consensus rating of “Hold” and an average price target of $11.93.

Telecom Argentina Stet – France Telecom Trading Down 1.2%

The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $4.69 billion, a P/E ratio of -31.14 and a beta of 1.22. The firm’s 50-day simple moving average is $11.91 and its 200 day simple moving average is $9.83.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted 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 business 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 net margin of 2.55% and a negative return on equity of 2.64%. Equities research analysts anticipate that Telecom Argentina Stet – France Telecom S.A. will post 1.28 EPS for the current fiscal year.

Telecom Argentina Stet – France Telecom Announces Dividend

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

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEO. BNP Paribas Financial Markets increased its holdings in shares of Telecom Argentina Stet – France Telecom by 34.2% during the second quarter. BNP Paribas Financial Markets now owns 149,672 shares of the utilities provider’s stock worth $1,322,000 after purchasing an additional 38,107 shares during the period. Bank of America Corp DE boosted its position 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 valued at $237,000 after purchasing an additional 4,714 shares in the last quarter. Jane Street Group LLC purchased a new stake in Telecom Argentina Stet – France Telecom in the 2nd quarter valued at $578,000. Jump Financial LLC bought a new stake in shares of Telecom Argentina Stet – France Telecom in the second quarter valued at $596,000. Finally, Marshall Wace LLP bought a new stake in shares of Telecom Argentina Stet – France Telecom during the second quarter valued at about $346,000.

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.