Telecom Argentina Stet – France Telecom (NYSE:TEO) Releases Earnings Results, Beats Estimates By $0.80 EPS

Telecom Argentina Stet – France Telecom (NYSE:TEO) issued its earnings results on Monday. The utilities provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.80, FiscalAI reports. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.53% and a negative net margin of 2.17%.The company had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.60 billion.

Telecom Argentina Stet – France Telecom Stock Down 2.0%

Telecom Argentina Stet – France Telecom stock traded down $0.24 during mid-day trading on Monday, hitting $11.58. The company had a trading volume of 322,560 shares, compared to its average volume of 279,679. The company has a current ratio of 0.48, a quick ratio of 0.46 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average price is $11.60 and its two-hundred day moving average price is $11.64. Telecom Argentina Stet – France Telecom has a 12 month low of $6.43 and a 12 month high of $13.81. The company has a market capitalization of $4.99 billion, a PE ratio of -35.09 and a beta of 1.26.

Analyst Upgrades and Downgrades

TEO has been the subject of several research analyst reports. JPMorgan Chase & Co. raised Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and raised their target price for the company from $12.00 to $16.00 in a research report on Wednesday, April 29th. Scotiabank downgraded Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and increased their price target for the stock from $8.20 to $8.60 in a research note on Friday, March 27th. Weiss Ratings downgraded Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Finally, Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.87.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TEO. Van ECK Associates Corp purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter valued at about $43,000. EFG International AG purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the fourth quarter worth about $58,000. Qube Research & Technologies Ltd purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the third quarter worth about $98,000. Engineers Gate Manager LP purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the second quarter worth about $110,000. Finally, Hsbc Holdings PLC bought a new position in Telecom Argentina Stet – France Telecom during the fourth quarter valued at approximately $171,000.

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.