Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Pass Above 200-Day Moving Average – What’s Next?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.67 and traded as high as $11.69. Telecom Argentina Stet – France Telecom shares last traded at $11.64, with a volume of 105,954 shares.

Analysts Set New Price Targets

Several equities analysts recently commented on TEO shares. UBS Group set a $17.00 target price on shares of Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a report on Monday, November 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Scotiabank raised Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and boosted their target price for the company from $4.50 to $8.20 in a research note on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.93.

Telecom Argentina Stet – France Telecom Stock Up 1.2%

The firm has a market cap of $5.01 billion, a PE ratio of -33.26 and a beta of 1.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.50 and a current ratio of 0.52. The company’s 50-day simple moving average is $11.87 and its two-hundred day simple moving average is $9.67.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its quarterly earnings data 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 firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate 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%. On average, analysts predict that Telecom Argentina Stet – France Telecom S.A. will post 1.28 earnings per share for the current fiscal year.

Telecom Argentina Stet – France Telecom Announces Dividend

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

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Large investors have recently made changes to their positions in the business. Van ECK Associates Corp purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter worth about $43,000. Qube Research & Technologies Ltd purchased a new position in Telecom Argentina Stet – France Telecom during the 3rd quarter valued at about $98,000. Engineers Gate Manager LP bought a new stake in Telecom Argentina Stet – France Telecom during the second quarter worth about $110,000. Hsbc Holdings PLC purchased a new stake in Telecom Argentina Stet – France Telecom in the first quarter worth about $119,000. Finally, Bank of America Corp DE increased its stake in shares of Telecom Argentina Stet – France Telecom by 21.3% during the second quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 4,714 shares in the last quarter.

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.