Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock Rating Lowered by Zacks Research

Telecom Argentina Stet – France Telecom (NYSE:TEO) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday,Zacks.com reports.

Several other equities analysts have also commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday, December 29th. UBS Group set a $17.00 target price on shares of Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $11.93.

Telecom Argentina Stet – France Telecom Stock Down 1.2%

Shares of Telecom Argentina Stet – France Telecom stock opened at $10.90 on Thursday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of -31.14 and a beta of 1.22. Telecom Argentina Stet – France Telecom has a twelve month low of $6.43 and a twelve month high of $13.54. 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 business’s 50 day simple moving average is $11.89 and its 200-day simple moving average is $9.84.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its quarterly earnings data on Monday, November 10th. The utilities provider reported ($0.36) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.13. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.64% and a negative net margin of 2.55%.The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. Equities research analysts forecast that Telecom Argentina Stet – France Telecom will post 1.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Telecom Argentina Stet – France Telecom by 321.7% in the 2nd 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 during the last quarter. Jump Financial LLC acquired a new stake in Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $596,000. Jane Street Group LLC bought a new stake in Telecom Argentina Stet – France Telecom during the second quarter worth approximately $578,000. Verition Fund Management LLC grew its position in Telecom Argentina Stet – France Telecom by 93.8% in the third quarter. Verition Fund Management LLC now owns 61,086 shares of the utilities provider’s stock worth $444,000 after buying an additional 29,569 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of Telecom Argentina Stet – France Telecom in the first quarter valued at $379,000.

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.