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

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) reached a new 52-week low on Thursday. The stock traded as low as $10.20 and last traded at $10.0450, with a volume of 2,477 shares. The stock had previously closed at $10.40.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TEO. UBS Group reduced their target price on Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Santander began coverage on Telecom Argentina Stet – France Telecom in a report on Friday, October 16th. They set an “outperform” rating for the company. Wall Street Zen cut Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a report on Sunday, September 20th. JPMorgan Chase & Co. lifted their price objective on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Finally, Weiss Ratings lowered Telecom Argentina Stet – France Telecom from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.93.

Telecom Argentina Stet – France Telecom Price Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.58 and a quick ratio of 0.55. The firm has a market capitalization of $4.24 billion, a P/E ratio of 8.00 and a beta of 1.41. The company’s 50 day moving average price is $12.64 and its 200 day moving average price is $12.57.

Insider Buying and Selling

In other Telecom Argentina Stet – France Telecom news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $2.78, for a total value of $524,030.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

A number of institutional investors and hedge funds have recently made changes to their positions in TEO. Artemis Investment Management LLP acquired a new position in shares of Telecom Argentina Stet – France Telecom during the third quarter valued at $11,422,000. SPX Gestao de Recursos Ltda bought a new position in Telecom Argentina Stet – France Telecom in the first quarter valued at about $8,565,000. Pictet Asset Management Holding SA increased its position in Telecom Argentina Stet – France Telecom by 52.1% in the third quarter. Pictet Asset Management Holding SA now owns 292,260 shares of the utilities provider’s stock worth $3,586,000 after purchasing an additional 100,119 shares during the period. ABS Direct Equity Fund LLC acquired a new stake in Telecom Argentina Stet – France Telecom in the second quarter worth about $3,033,000. Finally, Absolute Gestao de Investimentos Ltda. increased its position in Telecom Argentina Stet – France Telecom by 156.7% in the second quarter. Absolute Gestao de Investimentos Ltda. now owns 222,922 shares of the utilities provider’s stock worth $2,898,000 after purchasing an additional 136,091 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.