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

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.73 and traded as high as $12.36. Telecom Argentina Stet – France Telecom shares last traded at $11.6230, with a volume of 197,496 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TEO. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday, December 29th. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $11.57.

Telecom Argentina Stet – France Telecom Price Performance

The firm has a market cap of $5.01 billion, a PE ratio of -35.22 and a beta of 1.26. The firm’s fifty day simple moving average is $11.76 and its two-hundred day simple moving average is $10.73. 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 announced its quarterly earnings data on Tuesday, March 10th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.04. The firm had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Telecom Argentina Stet – France Telecom had a negative net margin of 2.17% and a negative return on equity of 2.53%. As a group, research analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 1.28 EPS for the current year.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

A number of institutional investors and hedge funds have recently bought and sold shares of TEO. Acadian Asset Management LLC bought a new stake in Telecom Argentina Stet – France Telecom during the first quarter valued at about $379,000. Arrowstreet Capital Limited Partnership grew its position in shares of Telecom Argentina Stet – France Telecom by 321.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock worth $925,000 after purchasing an additional 79,893 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the second quarter worth about $346,000. Jump Financial LLC bought a new stake in Telecom Argentina Stet – France Telecom during the 2nd quarter valued at approximately $596,000. Finally, Jane Street Group LLC bought a new stake in Telecom Argentina Stet – France Telecom during the 2nd quarter valued at approximately $578,000.

About Telecom Argentina Stet – France Telecom

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.