Analysts Set Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Price Target at $11.93

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) has received an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $11.9250.

TEO has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 22nd. UBS Group set a $17.00 target price on Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a research report on Monday, November 3rd. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Scotiabank upgraded Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and increased their price objective for the stock from $4.50 to $8.20 in a research note on Monday, September 8th.

Institutional Trading of Telecom Argentina Stet – France Telecom

Several large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the third quarter worth approximately $43,000. Hsbc Holdings PLC acquired a new position in Telecom Argentina Stet – France Telecom in the first quarter worth $119,000. Engineers Gate Manager LP acquired a new position in Telecom Argentina Stet – France Telecom in the second quarter worth $110,000. Qube Research & Technologies Ltd acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter valued at $98,000. Finally, Bank of America Corp DE raised its holdings in shares of Telecom Argentina Stet – France Telecom by 21.3% in the second quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider’s stock valued at $237,000 after buying an additional 4,714 shares during the last quarter.

Telecom Argentina Stet – France Telecom Stock Up 0.2%

Shares of TEO stock opened at $11.42 on Thursday. Telecom Argentina Stet – France Telecom has a one year low of $6.43 and a one year high of $15.53. The stock has a market cap of $4.92 billion, a P/E ratio of -32.63 and a beta of 1.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.52 and a quick ratio of 0.50. The stock has a fifty day moving average price of $11.62 and a 200 day moving average price of $9.63.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its earnings results on Monday, November 10th. The utilities provider reported ($0.36) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.13. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates 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 earnings per share for the current year.

Telecom Argentina Stet – France Telecom Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, December 3rd. Investors of record on Monday, November 24th were given a dividend of $0.0452 per share. The ex-dividend date was Monday, November 24th. Telecom Argentina Stet – France Telecom’s dividend payout ratio (DPR) is -14.29%.

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.