Telecom Argentina Stet – France Telecom (NYSE:TEO) Hits New 12-Month Low – Here’s What Happened

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO)’s share price reached a new 52-week low on Friday. The stock traded as low as $10.43 and last traded at $10.3970, with a volume of 328,557 shares changing hands. The stock had previously closed at $11.08.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, September 4th. Wall Street Zen downgraded shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research note on Sunday, September 20th. Weiss Ratings raised shares of Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. UBS Group cut their price objective on shares of Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Finally, Santander assumed coverage on Telecom Argentina Stet – France Telecom in a research report on Friday, October 16th. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Telecom Argentina Stet – France Telecom currently has an average rating of “Hold” and a consensus target price of $15.93.

Telecom Argentina Stet – France Telecom Price Performance

The company’s 50-day moving average is $12.86 and its 200-day moving average is $12.59. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 8.61 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.58 and a quick ratio of 0.55.

Insider Buying and Selling

In other news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $2.78, for a total value of $524,030.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Several large investors have recently made changes to their positions in the business. XP Advisory US Inc. purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $82,000. Y Intercept Hong Kong Ltd grew its position in shares of Telecom Argentina Stet – France Telecom by 8.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 21,330 shares of the utilities provider’s stock worth $249,000 after acquiring an additional 1,628 shares in the last quarter. Pictet Asset Management Holding SA bought a new stake in Telecom Argentina Stet – France Telecom during the first quarter valued at $561,000. Absolute Gestao de Investimentos Ltda. bought a new position in Telecom Argentina Stet – France Telecom in the first quarter worth about $1,015,000. Finally, Engineers Gate Manager LP boosted its position in Telecom Argentina Stet – France Telecom by 105.6% during the 2nd quarter. Engineers Gate Manager LP now owns 86,936 shares of the utilities provider’s stock valued at $1,130,000 after purchasing an additional 44,647 shares during the period.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA is a telecommunications and digital-services company serving residential, business and government customers primarily in Argentina. Its offerings include mobile voice and data services, fixed-line telephony, broadband internet, data transmission and other connectivity solutions.

The company also provides pay television and digital entertainment through its Flow platform, along with information and communications technology services for businesses, including cloud, cybersecurity, data-center and managed connectivity solutions.