Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Gap Down – Should You Sell?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) shares gapped down prior to trading on Wednesday . The stock had previously closed at $12.55, but opened at $11.65. Telecom Argentina Stet – France Telecom shares last traded at $11.2840, with a volume of 622,895 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TEO. Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday, December 29th. UBS Group set a $17.00 price target on shares of Telecom Argentina Stet – France Telecom and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Zacks Research cut Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $11.93.

Telecom Argentina Stet – France Telecom Stock Down 1.0%

The company has a current ratio of 0.52, a quick ratio of 0.50 and a debt-to-equity ratio of 0.56. The firm has a market cap of $4.93 billion, a PE ratio of -32.72 and a beta of 1.22. The company’s 50 day moving average price is $11.82 and its two-hundred day moving average price is $10.29.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released 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. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.64% and a negative net margin of 2.55%.The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. On average, equities research analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 1.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

A number of institutional investors have recently bought and sold shares of the business. Marshall Wace LLP bought a new position in shares of Telecom Argentina Stet – France Telecom in the fourth quarter worth about $1,969,000. Van ECK Associates Corp boosted its position in shares of Telecom Argentina Stet – France Telecom by 103.0% during the fourth quarter. Van ECK Associates Corp now owns 11,982 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 6,079 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Telecom Argentina Stet – France Telecom in the 4th quarter valued at $211,000. Jane Street Group LLC purchased a new position in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at about $725,000. Finally, Sagil Capital LLP purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the fourth quarter worth about $7,629,000.

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.