Telecom Argentina Stet – France Telecom (NYSE:TEO) Sees Unusually-High Trading Volume – Here’s Why

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) shares saw strong trading volume on Monday . 516,847 shares traded hands during mid-day trading, an increase of 34% from the previous session’s volume of 384,919 shares.The stock last traded at $13.2050 and had previously closed at $13.75.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Wall Street Zen raised Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Scotiabank boosted their price target on shares of Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a report on Wednesday, May 27th. JPMorgan Chase & Co. increased their price objective on shares of Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.07.

Telecom Argentina Stet – France Telecom Trading Up 2.3%

The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 26.11 and a beta of 1.32. The business’s fifty day moving average is $12.75 and its 200 day moving average is $12.05.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. The business had revenue of $1.35 billion for the quarter. Telecom Argentina Stet – France Telecom had a net margin of 3.33% and a return on equity of 4.05%. Equities analysts predict that Telecom Argentina Stet – France Telecom S.A. will post 1.65 earnings per share for the current year.

Insider Buying and Selling at Telecom Argentina Stet – France Telecom

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui purchased 38,890 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average price of $13.43 per share, for a total transaction of $522,292.70. Following the purchase, the director owned 399,348 shares in the company, valued at approximately $5,363,243.64. The trade was a 10.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd lifted its holdings in shares of Telecom Argentina Stet – France Telecom by 8.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 21,330 shares of the utilities provider’s stock worth $249,000 after buying an additional 1,628 shares in the last quarter. 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 acquiring an additional 4,714 shares in the last quarter. EFG International AG bought a new position in Telecom Argentina Stet – France Telecom during the fourth quarter worth about $58,000. Van ECK Associates Corp bought a new position in Telecom Argentina Stet – France Telecom during the third quarter worth about $43,000. Finally, Engineers Gate Manager LP acquired a new stake in Telecom Argentina Stet – France Telecom in the 2nd quarter worth about $110,000.

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.