Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Given Consensus Rating of “Reduce” by Analysts

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have earned an average rating of “Reduce” from the six brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $11.9250.

A number of research analysts recently commented on the company. Zacks Research cut Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 29th. Finally, UBS Group set a $17.00 price objective on Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a research report on Monday, November 3rd.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Several large investors have recently made changes to their positions in TEO. Van ECK Associates Corp acquired a new stake in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at approximately $43,000. Qube Research & Technologies Ltd acquired a new position in Telecom Argentina Stet – France Telecom during the third quarter worth $98,000. Engineers Gate Manager LP purchased a new position in shares of Telecom Argentina Stet – France Telecom during the second quarter worth $110,000. Bank of America Corp DE grew its stake in shares of Telecom Argentina Stet – France Telecom by 21.3% in the second quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider’s stock valued at $237,000 after buying an additional 4,714 shares in the last quarter. Finally, Ping Capital Management Inc. acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter valued at $278,000.

Telecom Argentina Stet – France Telecom Stock Up 0.8%

Shares of TEO opened at $11.54 on Friday. Telecom Argentina Stet – France Telecom has a 52-week low of $6.43 and a 52-week high of $13.81. The company has a market capitalization of $4.97 billion, a PE ratio of -32.96 and a beta of 1.22. The stock has a fifty day simple moving average of $11.82 and a two-hundred day simple moving average of $10.29. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.56.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its quarterly earnings data on Monday, November 10th. The utilities provider reported ($0.36) earnings per share (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 net margin of 2.55% and a negative return on equity of 2.64%. As a group, equities analysts forecast that Telecom Argentina Stet – France Telecom will post 1.28 EPS for the current year.

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.