Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Cross Above 200-Day Moving Average – Time to Sell?

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.82 and traded as high as $12.29. Telecom Argentina Stet – France Telecom shares last traded at $11.82, with a volume of 89,416 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Scotiabank downgraded Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and increased their price target for the stock from $8.20 to $8.60 in a research report on Friday, March 27th. JPMorgan Chase & Co. upgraded Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and increased their target price for the company from $12.00 to $16.00 in a research report on Wednesday, April 29th. Weiss Ratings raised shares of Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. Finally, Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.87.

Telecom Argentina Stet – France Telecom Price Performance

The firm has a market capitalization of $5.09 billion, a PE ratio of 23.18 and a beta of 1.26. The stock’s 50 day simple moving average is $11.70 and its two-hundred day simple moving average is $11.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.58.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. Telecom Argentina Stet – France Telecom had a net margin of 3.33% and a return on equity of 4.05%. The firm had revenue of $1.35 billion during the quarter. On average, sell-side analysts forecast that Telecom Argentina Stet – France Telecom S.A. will post 0.85 EPS for the current year.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Several large investors have recently made changes to their positions in the stock. SPX Gestao de Recursos Ltda purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the 1st quarter valued at $8,565,000. Sagil Capital LLP acquired a new position in Telecom Argentina Stet – France Telecom in the 4th quarter valued at about $7,629,000. Banco BTG Pactual S.A. acquired a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at about $2,725,000. RWC Asset Management LLP increased its stake in Telecom Argentina Stet – France Telecom by 50.7% during the fourth quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock worth $11,717,000 after purchasing an additional 339,416 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the fourth quarter worth about $1,969,000.

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.