Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Short Interest Down 37.0% in October

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 243,900 shares, a decline of 37.0% from the September 30th total of 387,400 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 272,600 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 272,600 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Telecom Argentina Stet – France Telecom by 6.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,872 shares of the utilities provider’s stock worth $25,270,000 after purchasing an additional 152,837 shares during the period. Cetera Investment Advisers purchased a new position in Telecom Argentina Stet – France Telecom during the 1st quarter worth $271,000. Hsbc Holdings PLC purchased a new position in Telecom Argentina Stet – France Telecom during the 1st quarter worth $119,000. Invesco Ltd. increased its holdings in Telecom Argentina Stet – France Telecom by 19.8% during the 1st 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 period. Finally, Cubist Systematic Strategies LLC purchased a new position in Telecom Argentina Stet – France Telecom during the 1st quarter worth $329,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Zacks Research cut Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a report on Thursday, October 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Tuesday, October 14th. Scotiabank raised Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and raised their price target for the stock from $4.50 to $8.20 in a research note on Monday, September 8th. Finally, UBS Group set a $17.00 price target on Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $11.93.

Telecom Argentina Stet – France Telecom Trading Up 7.3%

TEO traded up $0.82 during trading on Monday, hitting $12.07. 1,028,237 shares of the stock were exchanged, compared to its average volume of 247,814. The firm has a 50 day simple moving average of $8.07 and a 200 day simple moving average of $9.08. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of -402.10 and a beta of 1.30. Telecom Argentina Stet – France Telecom has a 1 year low of $6.43 and a 1 year high of $15.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.43.

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.