Telecom Argentina Stet – France Telecom (NYSE:TEO) Issues Earnings Results, Beats Expectations By $0.11 EPS

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

Telecom Argentina Stet – France Telecom Stock Up 0.3%

NYSE TEO traded up $0.04 during trading hours on Friday, reaching $13.85. 318,011 shares of the company’s stock traded hands, compared to its average volume of 213,896. Telecom Argentina Stet – France Telecom has a 52-week low of $6.43 and a 52-week high of $16.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.56. The firm has a 50-day simple moving average of $13.63 and a 200 day simple moving average of $12.47. The firm has a market cap of $5.96 billion, a PE ratio of 27.15 and a beta of 1.36.

Wall Street Analysts Forecast Growth

TEO has been the subject of several research reports. Zacks Research lowered shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen cut shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 26th. Weiss Ratings raised shares of Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Morgan Stanley upgraded shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $13.00 to $17.00 in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. lifted their price objective on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.55.

Insider Buying and Selling at Telecom Argentina Stet – France Telecom

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui bought 38,890 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $13.43 per share, with a total value of $522,292.70. Following the completion of the purchase, the director owned 399,348 shares of the company’s stock, valued at approximately $5,363,243.64. This trade represents a 10.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Banco BTG Pactual S.A. bought a new stake in Telecom Argentina Stet – France Telecom in the third quarter worth $2,725,000. UBS Group AG raised its holdings in Telecom Argentina Stet – France Telecom by 18.6% in the third quarter. UBS Group AG now owns 233,626 shares of the utilities provider’s stock worth $1,698,000 after buying an additional 36,642 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Telecom Argentina Stet – France Telecom by 317.8% in the third quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock worth $1,484,000 after buying an additional 155,299 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at approximately $1,969,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Telecom Argentina Stet – France Telecom by 80.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 151,425 shares of the utilities provider’s stock valued at $1,758,000 after acquiring an additional 67,459 shares in the last quarter.

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.