Scotiabank Downgrades Telecom Argentina Stet – France Telecom (NYSE:TEO) to Sector Underperform

Telecom Argentina Stet – France Telecom (NYSE:TEO) was downgraded by stock analysts at Scotiabank from a “sector perform” rating to a “sector underperform” rating in a report released on Friday, MarketBeat.com reports. They presently have a $8.60 price target on the utilities provider’s stock. Scotiabank’s target price suggests a potential downside of 23.24% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. 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. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $11.70.

Telecom Argentina Stet – France Telecom Stock Down 3.6%

Shares of Telecom Argentina Stet – France Telecom stock traded down $0.42 during trading on Friday, hitting $11.20. The company’s stock had a trading volume of 40,209 shares, compared to its average volume of 267,007. 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 debt-to-equity ratio of 0.55, a quick ratio of 0.46 and a current ratio of 0.48. The company has a fifty day simple moving average of $11.76 and a two-hundred day simple moving average of $10.73. The company has a market capitalization of $4.83 billion, a PE ratio of -33.86 and a beta of 1.26.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its earnings results on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. 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 $1.35 billion for the quarter. Equities research analysts predict that Telecom Argentina Stet – France Telecom will post 1.28 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. EFG International AG bought a new position in shares of Telecom Argentina Stet – France Telecom in the fourth quarter worth approximately $58,000. Van ECK Associates Corp purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter valued at $43,000. Engineers Gate Manager LP purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter valued at $110,000. Qube Research & Technologies Ltd bought a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter worth $98,000. Finally, Hsbc Holdings PLC purchased a new stake in Telecom Argentina Stet – France Telecom in the 4th quarter worth $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.