Telecom Argentina Stet – France Telecom (NYSE:TEO) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Telecom Argentina Stet – France Telecom (NYSE:TEO) released its quarterly earnings data on Tuesday. The utilities provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08, FiscalAI reports. 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 $1.56 billion during the quarter, compared to the consensus estimate of $1.53 billion.

Telecom Argentina Stet – France Telecom Price Performance

Shares of NYSE:TEO opened at $11.71 on Wednesday. The company has a 50 day moving average of $11.70 and a 200 day moving average of $10.51. The stock has a market cap of $5.04 billion, a P/E ratio of -33.45 and a beta of 1.26. Telecom Argentina Stet – France Telecom has a 12 month low of $6.43 and a 12 month high of $13.81. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday, December 29th. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $11.57.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE grew 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. EFG International AG purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the fourth quarter worth $58,000. Van ECK Associates Corp bought a new stake in Telecom Argentina Stet – France Telecom during the third quarter valued at $43,000. Engineers Gate Manager LP purchased a new position in Telecom Argentina Stet – France Telecom during the second quarter worth about $110,000. Finally, Qube Research & Technologies Ltd purchased a new position in Telecom Argentina Stet – France Telecom during the third quarter worth about $98,000.

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.