Telecom Argentina Stet – France Telecom (NYSE:TEO) Issues Quarterly Earnings Results

Telecom Argentina Stet – France Telecom (NYSE:TEO) released its earnings results on Tuesday. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.08, FiscalAI reports. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.64% and a negative net margin of 2.55%.The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.53 billion.

Telecom Argentina Stet – France Telecom Trading Up 5.3%

TEO traded up $0.59 on Tuesday, hitting $11.71. The company had a trading volume of 258,545 shares, compared to its average volume of 281,484. Telecom Argentina Stet – France Telecom has a 1 year low of $6.43 and a 1 year high of $13.81. The firm has a market cap of $5.04 billion, a P/E ratio of -33.45 and a beta of 1.26. The company’s fifty day moving average price is $11.70 and its 200 day moving average price is $10.49. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56.

Analysts Set New Price Targets

Several research firms have recently issued reports on TEO. Zacks Research raised Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $11.57.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EFG International AG purchased a new position in Telecom Argentina Stet – France Telecom in the fourth quarter valued at approximately $58,000. Van ECK Associates Corp purchased a new position in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter valued at $43,000. Engineers Gate Manager LP acquired a new stake in Telecom Argentina Stet – France Telecom during the 2nd quarter worth $110,000. Qube Research & Technologies Ltd purchased a new stake in Telecom Argentina Stet – France Telecom in the third quarter valued at $98,000. Finally, XTX Topco Ltd acquired a new position in Telecom Argentina Stet – France Telecom in the fourth quarter valued at $189,000.

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.