Telecom Argentina Stet – France Telecom (NYSE:TEO) Cut to “Strong Sell” at Zacks Research

Telecom Argentina Stet – France Telecom (NYSE:TEO) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities research analysts also recently commented on TEO. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday, December 29th. UBS Group set a $17.00 target price on shares of Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $11.93.

Telecom Argentina Stet – France Telecom Trading Down 1.2%

Shares of TEO opened at $10.90 on Thursday. The business’s 50-day moving average price is $11.89 and its 200 day moving average price is $9.84. The stock has a market capitalization of $4.69 billion, a P/E ratio of -31.14 and a beta of 1.22. Telecom Argentina Stet – France Telecom has a 1-year low of $6.43 and a 1-year high of $13.54. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its quarterly earnings data on Monday, November 10th. The utilities provider reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.13. Telecom Argentina Stet – France Telecom had a negative net margin of 2.55% and a negative return on equity of 2.64%. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. Analysts expect that Telecom Argentina Stet – France Telecom will post 1.28 earnings per share for the current year.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Hedge funds have recently modified their holdings of the stock. RWC Asset Management LLP raised its holdings in shares of Telecom Argentina Stet – France Telecom by 0.4% during the third quarter. RWC Asset Management LLP now owns 669,828 shares of the utilities provider’s stock worth $4,870,000 after acquiring an additional 2,383 shares in the last quarter. Banco BTG Pactual S.A. purchased a new position in Telecom Argentina Stet – France Telecom in the third quarter valued at about $2,725,000. UBS Group AG increased its position in Telecom Argentina Stet – France Telecom by 18.6% in the 3rd quarter. UBS Group AG now owns 233,626 shares of the utilities provider’s stock worth $1,698,000 after purchasing an additional 36,642 shares during the last quarter. Two Sigma Investments LP increased its position in Telecom Argentina Stet – France Telecom by 317.8% in the 3rd quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock worth $1,484,000 after purchasing an additional 155,299 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Telecom Argentina Stet – France Telecom by 34.2% during the 2nd 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 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.