Telecom Argentina Stet – France Telecom (NYSE:TEO) Cut to “Sector Underperform” at Scotiabank

Scotiabank downgraded shares of Telecom Argentina Stet – France Telecom (NYSE:TEO) from a sector perform rating to a sector underperform rating in a research note published on Friday, MarketBeat Ratings reports. Scotiabank currently has $8.60 price target on the utilities provider’s stock.

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

Telecom Argentina Stet – France Telecom Trading Down 0.4%

Shares of NYSE TEO opened at $11.11 on Friday. Telecom Argentina Stet – France Telecom has a 1-year low of $6.43 and a 1-year high of $13.81. The stock has a market capitalization of $4.79 billion, a P/E ratio of -33.68 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.48 and a quick ratio of 0.46. The business has a fifty day moving average price of $11.76 and a 200 day moving average price of $10.81.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. 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 $1.35 billion during the quarter. Equities research analysts expect that Telecom Argentina Stet – France Telecom will post 1.28 EPS for the current fiscal year.

Institutional Trading of Telecom Argentina Stet – France Telecom

Institutional investors and hedge funds have recently modified their holdings of the stock. RWC Asset Management LLP boosted its holdings in Telecom Argentina Stet – France Telecom by 50.7% in the 4th quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock worth $11,717,000 after buying an additional 339,416 shares during the last quarter. Sagil Capital LLP acquired a new position in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at approximately $7,629,000. Banco BTG Pactual S.A. purchased a new position in shares of Telecom Argentina Stet – France Telecom in the third quarter valued at approximately $2,725,000. UBS Group AG lifted its holdings in Telecom Argentina Stet – France Telecom by 25.7% in the 4th quarter. UBS Group AG now owns 293,659 shares of the utilities provider’s stock valued at $3,409,000 after purchasing an additional 60,033 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Telecom Argentina Stet – France Telecom by 317.8% during the 3rd quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock worth $1,484,000 after purchasing an additional 155,299 shares during the last quarter.

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.