Telecom Argentina Stet – France Telecom (NYSE:TEO) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Telecom Argentina Stet – France Telecom (NYSE:TEO) from a hold rating to a strong sell rating in a report published on Thursday,Zacks.com reports.

TEO has been the topic of a number of other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday, December 29th. UBS Group set a $17.00 target price on shares of Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $11.93.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of TEO opened at $10.90 on Thursday. The firm has a market capitalization of $4.69 billion, a P/E ratio of -31.14 and a beta of 1.22. Telecom Argentina Stet – France Telecom has a 52 week low of $6.43 and a 52 week high of $13.54. The stock has a 50 day moving average price of $11.89 and a two-hundred day moving average price of $9.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.50 and a current ratio of 0.52.

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

Telecom Argentina Stet – France Telecom Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, December 3rd. Shareholders 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 payout ratio is presently -14.29%.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new position in Telecom Argentina Stet – France Telecom during the first quarter valued at $379,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Telecom Argentina Stet – France Telecom by 321.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock valued at $925,000 after buying an additional 79,893 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter worth $346,000. Jump Financial LLC purchased a new stake in Telecom Argentina Stet – France Telecom in the 2nd quarter worth about $596,000. Finally, Jane Street Group LLC bought a new stake in Telecom Argentina Stet – France Telecom in the 2nd quarter valued at about $578,000.

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.