Telecom Argentina Stet – France Telecom (NYSE:TEO) Trading Down 5.6% – Time to Sell?

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) were down 5.6% during trading on Tuesday . The stock traded as low as $13.65 and last traded at $13.5050. Approximately 58,659 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 368,323 shares. The stock had previously closed at $14.30.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TEO shares. Morgan Stanley raised shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $13.00 to $17.00 in a report on Wednesday, June 24th. UBS Group reduced 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 report on Wednesday. Wall Street Zen lowered shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 26th. Scotiabank upped their target price on shares of Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a research note on Wednesday, May 27th. Finally, Zacks Research lowered shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.43.

Telecom Argentina Stet – France Telecom Stock Performance

The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $13.62 and a 200-day simple moving average of $12.53. The company has a market capitalization of $5.79 billion, a P/E ratio of 10.94 and a beta of 1.36.

Insider Buying and Selling

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui acquired 38,890 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average price of $13.43 per share, for a total transaction of $522,292.70. Following the transaction, the director owned 399,348 shares in the company, valued at $5,363,243.64. This trade represents a 10.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sagil Capital LLP bought a new stake in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at approximately $7,629,000. RWC Asset Management LLP lifted its holdings in Telecom Argentina Stet – France Telecom by 50.7% during the 4th quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock worth $11,717,000 after buying an additional 339,416 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new position in Telecom Argentina Stet – France Telecom in the 1st quarter valued at $701,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the 1st quarter valued at $8,565,000. Finally, Absolute Gestao de Investimentos Ltda. acquired a new position in shares of Telecom Argentina Stet – France Telecom during the first quarter valued at $1,015,000.

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.