Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.45 and traded as high as $11.68. Telecom Argentina Stet – France Telecom shares last traded at $11.54, with a volume of 227,998 shares.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $11.57.

Telecom Argentina Stet – France Telecom Stock Up 5.9%

The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $4.97 billion, a PE ratio of -32.97 and a beta of 1.26. The stock has a 50-day moving average of $11.72 and a 200 day moving average of $10.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp bought a new stake in Telecom Argentina Stet – France Telecom in the third quarter worth $43,000. EFG International AG purchased a new stake in Telecom Argentina Stet – France Telecom in the 4th quarter worth $58,000. Qube Research & Technologies Ltd bought a new stake in shares of Telecom Argentina Stet – France Telecom during the third quarter valued at approximately $98,000. Engineers Gate Manager LP purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the second quarter worth about $110,000. Finally, XTX Topco Ltd purchased a new stake in Telecom Argentina Stet – France Telecom during the fourth quarter valued at $189,000.

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.