Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Cross Above 200-Day Moving Average – What’s Next?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.62 and traded as high as $11.66. Telecom Argentina Stet – France Telecom shares last traded at $11.32, with a volume of 153,394 shares.

Analyst Ratings Changes

A number of research firms recently weighed in on TEO. Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday, December 29th. Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $11.57.

Telecom Argentina Stet – France Telecom Trading Down 2.1%

The firm has a 50 day moving average of $11.71 and a 200 day moving average of $10.64. The firm has a market cap of $4.84 billion, a PE ratio of -34.06 and a beta of 1.26. The company has a quick ratio of 0.46, a current ratio of 0.48 and a debt-to-equity ratio of 0.55.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its earnings results on Wednesday, March 11th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.53% and a negative net margin of 2.17%.The business had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.53 billion. Equities analysts anticipate that Telecom Argentina Stet – France Telecom S.A. will post 1.28 earnings per share for the current year.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Several institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp purchased a new position in shares of Telecom Argentina Stet – France Telecom in the third quarter worth about $43,000. EFG International AG purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the 4th quarter valued at approximately $58,000. Qube Research & Technologies Ltd bought a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter worth approximately $98,000. Engineers Gate Manager LP bought a new position in Telecom Argentina Stet – France Telecom in the 2nd quarter worth approximately $110,000. Finally, Hsbc Holdings PLC purchased a new position in Telecom Argentina Stet – France Telecom in the 4th quarter valued at approximately $171,000.

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.