Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Pass Above 200 Day Moving Average – Time to Sell?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.45 and traded as high as $11.68. Telecom Argentina Stet – France Telecom shares last traded at $11.54, with a volume of 227,998 shares.

Wall Street Analysts Forecast Growth

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

Telecom Argentina Stet – France Telecom Trading Up 5.9%

The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of -32.97 and a beta of 1.26. 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 company’s 50-day moving average is $11.72 and its 200-day moving average is $10.45.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

A number of hedge funds have recently modified their holdings of TEO. XTX Topco Ltd acquired a new position in Telecom Argentina Stet – France Telecom in the 4th quarter valued at $189,000. Millennium Management LLC lifted its position in shares of Telecom Argentina Stet – France Telecom by 160.8% during the 4th quarter. Millennium Management LLC now owns 125,593 shares of the utilities provider’s stock valued at $1,458,000 after acquiring an additional 77,437 shares during the period. EFG International AG purchased a new stake in Telecom Argentina Stet – France Telecom during the fourth quarter worth $58,000. State of Wisconsin Investment Board acquired a new stake in Telecom Argentina Stet – France Telecom in the 4th quarter valued at about $302,000. Finally, Marshall Wace LLP purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 4th quarter worth approximately $1,969,000.

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.