Telecom Argentina Stet – France Telecom (NYSE:TEO) Announces Quarterly Earnings Results

Telecom Argentina Stet – France Telecom (NYSE:TEO) posted its quarterly earnings data on Friday. The utilities provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.11, Zacks reports. Telecom Argentina Stet – France Telecom had a net margin of 3.33% and a return on equity of 4.05%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion.

Telecom Argentina Stet – France Telecom Stock Performance

NYSE TEO opened at $13.85 on Friday. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 11.26 and a beta of 1.36. The stock has a 50-day moving average of $13.63 and a 200 day moving average of $12.47. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.51. Telecom Argentina Stet – France Telecom has a twelve month low of $6.43 and a twelve month high of $16.34.

Insider Activity

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui bought 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average cost of $13.43 per share, for a total transaction of $522,292.70. Following the completion of the transaction, the director directly owned 399,348 shares of the company’s stock, valued at approximately $5,363,243.64. This represents a 10.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is owned by insiders.

Institutional Trading of Telecom Argentina Stet – France Telecom

Hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp acquired a new position in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter valued at about $43,000. EFG International AG acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the 4th quarter worth about $58,000. Qube Research & Technologies Ltd purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter worth approximately $98,000. Engineers Gate Manager LP acquired a new position in Telecom Argentina Stet – France Telecom in the 2nd quarter valued at about $110,000. Finally, Hsbc Holdings PLC purchased a new stake in Telecom Argentina Stet – France Telecom during the 4th quarter worth approximately $171,000.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TEO shares. Zacks Research lowered shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Morgan Stanley raised shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $13.00 to $17.00 in a research note on Wednesday, June 24th. JPMorgan Chase & Co. raised their target price on shares of Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 9th. Wall Street Zen downgraded Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 26th. Finally, Scotiabank boosted their target price on shares of Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the stock a “sector underperform” rating in a report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.55.

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.