Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of 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 trading hands.

Wall Street Analyst Weigh In

TEO has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a 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 research note on Monday, February 23rd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $11.57.

Telecom Argentina Stet – France Telecom Stock Performance

The firm has a fifty day moving average price of $11.71 and a 200 day moving average price of $10.62. The company has a current ratio of 0.48, a quick ratio of 0.46 and a debt-to-equity ratio of 0.55. The firm has a market cap of $4.88 billion, a PE ratio of -34.30 and a beta of 1.26.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings data on Wednesday, March 11th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.04. Telecom Argentina Stet – France Telecom had a negative net margin of 2.17% and a negative return on equity of 2.53%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.53 billion. As a group, equities research analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sagil Capital LLP acquired a new position in shares of Telecom Argentina Stet – France Telecom in the 4th quarter valued at $7,629,000. Banco BTG Pactual S.A. acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter worth about $2,725,000. RWC Asset Management LLP increased its position in shares of Telecom Argentina Stet – France Telecom by 50.7% during the 4th quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock worth $11,717,000 after purchasing an additional 339,416 shares during the last quarter. Marshall Wace LLP purchased a new stake in Telecom Argentina Stet – France Telecom in the 4th quarter valued at about $1,969,000. Finally, Two Sigma Investments LP lifted its position in Telecom Argentina Stet – France Telecom by 317.8% in the third quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock valued at $1,484,000 after buying an additional 155,299 shares during the last quarter.

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.