Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Up 12.9% – What’s Next?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO)’s share price traded up 12.9% during mid-day trading on Thursday . The stock traded as high as $12.91 and last traded at $12.70. 439,405 shares were traded during trading, an increase of 99% from the average session volume of 221,023 shares. The stock had previously closed at $11.25.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TEO shares. Zacks Research lowered shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday, December 29th. Finally, UBS Group set a $17.00 target price on shares of Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a research report 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $11.93.

Telecom Argentina Stet – France Telecom Stock Up 0.2%

The stock has a market cap of $5.49 billion, a P/E ratio of -36.42 and a beta of 1.22. 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’s fifty day moving average is $11.77 and its 200 day moving average is $9.94.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its quarterly earnings results on Monday, November 10th. The utilities provider reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. As a group, equities research analysts forecast that Telecom Argentina Stet – France Telecom S.A. will post 1.28 EPS for the current year.

Telecom Argentina Stet – France Telecom Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Monday, November 24th were given a $0.0452 dividend. The ex-dividend date of this dividend was Monday, November 24th. Telecom Argentina Stet – France Telecom’s dividend payout ratio is currently -14.29%.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

A number of institutional investors and hedge funds have recently bought and sold shares of TEO. RWC Asset Management LLP boosted its holdings in Telecom Argentina Stet – France Telecom by 0.4% in the 3rd quarter. RWC Asset Management LLP now owns 669,828 shares of the utilities provider’s stock valued at $4,870,000 after purchasing an additional 2,383 shares during the period. Banco BTG Pactual S.A. acquired a new position in shares of Telecom Argentina Stet – France Telecom during the third quarter valued at about $2,725,000. UBS Group AG lifted its stake in shares of Telecom Argentina Stet – France Telecom by 18.6% in the third quarter. UBS Group AG now owns 233,626 shares of the utilities provider’s stock valued at $1,698,000 after buying an additional 36,642 shares during the period. Two Sigma Investments LP grew its position in Telecom Argentina Stet – France Telecom by 317.8% during the third quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock worth $1,484,000 after buying an additional 155,299 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in Telecom Argentina Stet – France Telecom by 34.2% during the second quarter. BNP Paribas Financial Markets now owns 149,672 shares of the utilities provider’s stock worth $1,322,000 after buying an additional 38,107 shares in the last quarter.

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.