Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Given Average Recommendation of “Reduce” by Analysts

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) have earned a consensus rating of “Reduce” from the six brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $11.9250.

Several research firms have weighed in on TEO. UBS Group set a $17.00 target price on Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 29th. Finally, Zacks Research lowered Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a research note on Thursday.

Telecom Argentina Stet – France Telecom Trading Down 1.2%

TEO opened at $10.90 on Monday. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of -31.14 and a beta of 1.22. The company has a quick ratio of 0.50, a current ratio of 0.52 and a debt-to-equity ratio of 0.56. Telecom Argentina Stet – France Telecom has a twelve month low of $6.43 and a twelve month high of $13.54. The company has a 50-day simple moving average of $11.89 and a 200 day simple moving average of $9.86.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its earnings results on Monday, November 10th. The utilities provider reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.13. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Telecom Argentina Stet – France Telecom had a negative net margin of 2.55% and a negative return on equity of 2.64%. Analysts predict that Telecom Argentina Stet – France Telecom will post 1.28 EPS for the current fiscal year.

Telecom Argentina Stet – France Telecom Dividend Announcement

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

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

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

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.