Telecom Argentina Stet – France Telecom (NYSE:TEO) Sets New 1-Year Low – Here’s Why

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) shares reached a new 52-week low during trading on Friday. The company traded as low as $10.43 and last traded at $10.3970, with a volume of 328,557 shares. The stock had previously closed at $11.08.

Analyst Ratings Changes

TEO has been the subject of several research reports. JPMorgan Chase & Co. boosted their target price on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Wall Street Zen downgraded Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research note on Sunday, September 20th. Weiss Ratings raised Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 16th. UBS Group cut their price target on Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Santander began coverage on Telecom Argentina Stet – France Telecom in a research note on Friday, October 16th. They issued an “outperform” rating for the company. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.93.

Telecom Argentina Stet – France Telecom Stock Down 4.8%

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.58 and a quick ratio of 0.55. The firm’s 50 day moving average price is $12.81 and its two-hundred day moving average price is $12.58. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 8.58 and a beta of 1.35.

Insiders Place Their Bets

In other Telecom Argentina Stet – France Telecom news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of Telecom Argentina Stet – France Telecom stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $2.78, for a total value of $524,030.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Several large investors have recently modified their holdings of the stock. Artemis Investment Management LLP acquired a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at $11,422,000. ABS Direct Equity Fund LLC acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the 2nd quarter worth $3,033,000. Engineers Gate Manager LP lifted its stake in shares of Telecom Argentina Stet – France Telecom by 105.6% in the 2nd quarter. Engineers Gate Manager LP now owns 86,936 shares of the utilities provider’s stock worth $1,130,000 after acquiring an additional 44,647 shares during the period. Absolute Gestao de Investimentos Ltda. lifted its stake in shares of Telecom Argentina Stet – France Telecom by 156.7% in the 2nd quarter. Absolute Gestao de Investimentos Ltda. now owns 222,922 shares of the utilities provider’s stock worth $2,898,000 after acquiring an additional 136,091 shares during the period. Finally, XP Advisory US Inc. purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the second quarter valued at about $82,000.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA is a telecommunications and digital-services company serving residential, business and government customers primarily in Argentina. Its offerings include mobile voice and data services, fixed-line telephony, broadband internet, data transmission and other connectivity solutions.

The company also provides pay television and digital entertainment through its Flow platform, along with information and communications technology services for businesses, including cloud, cybersecurity, data-center and managed connectivity solutions.