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

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.45 and traded as high as $11.68. Telecom Argentina Stet – France Telecom shares last traded at $11.54, with a volume of 227,998 shares trading hands.

Wall Street Analyst Weigh In

TEO has been the subject of a number of recent research reports. Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Telecom Argentina Stet – France Telecom presently has an average rating of “Reduce” and an average target price of $11.57.

Telecom Argentina Stet – France Telecom Stock Performance

The company’s fifty day simple moving average is $11.71 and its 200 day simple moving average is $10.46. The stock has a market capitalization of $4.74 billion, a P/E ratio of -31.43 and a beta of 1.26. The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56.

Institutional Trading of Telecom Argentina Stet – France Telecom

Large investors have recently modified their holdings of the business. Van ECK Associates Corp bought a new position in shares of Telecom Argentina Stet – France Telecom in the third quarter worth approximately $43,000. EFG International AG bought a new stake in Telecom Argentina Stet – France Telecom during the fourth quarter valued at approximately $58,000. Qube Research & Technologies Ltd purchased a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter worth approximately $98,000. Engineers Gate Manager LP bought a new position in shares of Telecom Argentina Stet – France Telecom in the 2nd quarter worth $110,000. Finally, XTX Topco Ltd purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the 4th quarter valued at $189,000.

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.