Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Down 6.1% – Time to Sell?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) dropped 6.1% on Thursday . The stock traded as low as $13.63 and last traded at $13.6820. Approximately 188,968 shares were traded during trading, a decline of 49% from the average session volume of 369,733 shares. The stock had previously closed at $14.57.

Wall Street Analyst Weigh In

TEO has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. boosted their price target on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. Wall Street Zen upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Scotiabank raised their price target on shares of Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.07.

Telecom Argentina Stet – France Telecom Stock Down 3.6%

The stock’s 50-day moving average price is $12.59 and its 200-day moving average price is $12.02. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.51. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 27.54 and a beta of 1.32.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share for the quarter. The business had revenue of $1.35 billion during the quarter. Telecom Argentina Stet – France Telecom had a net margin of 3.33% and a return on equity of 4.05%. On average, sell-side analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 1.65 earnings per share for the current year.

Insider Activity

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui bought 38,890 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of $13.43 per share, for a total transaction of $522,292.70. Following the transaction, the director directly owned 399,348 shares in the company, valued at approximately $5,363,243.64. This trade 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 at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Hedge funds have recently added to or reduced their stakes in the business. Absolute Gestao de Investimentos Ltda. bought a new position in shares of Telecom Argentina Stet – France Telecom during the 1st quarter worth approximately $1,015,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Telecom Argentina Stet – France Telecom during the 1st quarter valued at $8,565,000. Y Intercept Hong Kong Ltd lifted its position in shares of Telecom Argentina Stet – France Telecom by 8.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 21,330 shares of the utilities provider’s stock valued at $249,000 after acquiring an additional 1,628 shares during the period. Pictet Asset Management Holding SA bought a new position in Telecom Argentina Stet – France Telecom during the first quarter worth $561,000. Finally, Verde Servicos Internacionais S.A. bought a new position in Telecom Argentina Stet – France Telecom during the first quarter worth $701,000.

About Telecom Argentina Stet – France Telecom

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.