Analysts Set Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Price Target at $11.93

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $11.9250.

A number of brokerages have issued reports on TEO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday. UBS Group set a $17.00 price target on Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a report on Monday, November 3rd. Zacks Research raised Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Scotiabank raised shares of Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and increased their price objective for the company from $4.50 to $8.20 in a research report on Monday, September 8th.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers bought a new position in Telecom Argentina Stet – France Telecom in the 1st quarter valued at approximately $271,000. Invesco Ltd. raised its stake in shares of Telecom Argentina Stet – France Telecom by 19.8% in the first quarter. Invesco Ltd. now owns 56,029 shares of the utilities provider’s stock worth $571,000 after purchasing an additional 9,243 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Telecom Argentina Stet – France Telecom in the first quarter worth $119,000. Cubist Systematic Strategies LLC bought a new position in shares of Telecom Argentina Stet – France Telecom during the first quarter valued at $329,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Telecom Argentina Stet – France Telecom by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,872 shares of the utilities provider’s stock valued at $25,270,000 after buying an additional 152,837 shares during the last quarter.

Telecom Argentina Stet – France Telecom Price Performance

Shares of TEO opened at $12.75 on Friday. Telecom Argentina Stet – France Telecom has a fifty-two week low of $6.43 and a fifty-two week high of $15.53. The firm’s 50-day simple moving average is $10.22 and its two-hundred day simple moving average is $9.46. The stock has a market cap of $5.49 billion, a PE ratio of -36.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.50 and a current ratio of 0.52.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its earnings results on Monday, November 10th. The utilities provider reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.13. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. Telecom Argentina Stet – France Telecom had a negative net margin of 2.55% and a negative return on equity of 2.64%. Analysts anticipate that Telecom Argentina Stet – France Telecom will post 1.28 earnings per share for the current fiscal year.

Telecom Argentina Stet – France Telecom Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, November 24th were paid a $0.0452 dividend. The ex-dividend date was Monday, November 24th. Telecom Argentina Stet – France Telecom’s dividend payout ratio is currently -14.29%.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.