Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Receives $11.93 Average PT from Analysts

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) has received a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $11.9250.

Several equities research analysts have commented on the company. Scotiabank upgraded shares of Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and lifted their price target for the company from $4.50 to $8.20 in a research note on Monday, September 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 22nd. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 18th. 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 report on Monday, November 3rd.

Institutional Trading of Telecom Argentina Stet – France Telecom

Hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in shares of Telecom Argentina Stet – France Telecom by 19.8% during the first quarter. Invesco Ltd. now owns 56,029 shares of the utilities provider’s stock worth $571,000 after buying an additional 9,243 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Telecom Argentina Stet – France Telecom in the 1st quarter worth about $119,000. Cubist Systematic Strategies LLC acquired a new position in Telecom Argentina Stet – France Telecom in the 1st quarter worth about $329,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Telecom Argentina Stet – France Telecom by 6.6% in 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 purchasing an additional 152,837 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the first quarter valued at about $379,000.

Telecom Argentina Stet – France Telecom Trading Up 1.0%

TEO opened at $11.38 on Thursday. 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 current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $11.55 and a two-hundred day moving average price of $9.62. The stock has a market capitalization of $4.90 billion, a PE ratio of -32.52 and a beta of 1.15.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its quarterly earnings results on Monday, November 10th. The utilities provider reported ($0.36) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.13. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate 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%. As a group, equities 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 firm also recently declared a special dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, November 24th were issued a dividend of $0.0452 per share. The ex-dividend date was Monday, November 24th. Telecom Argentina Stet – France Telecom’s dividend payout ratio (DPR) is presently -14.29%.

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.