Telecom Argentina Stet – France Telecom (NYSE:TEO) Sees Strong Trading Volume – Should You Buy?

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) saw unusually-strong trading volume on Thursday . Approximately 309,586 shares were traded during mid-day trading, an increase of 9% from the previous session’s volume of 282,800 shares.The stock last traded at $12.1420 and had previously closed at $11.82.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and raised their target price for the company from $12.00 to $16.00 in a research note on Wednesday, April 29th. Zacks Research raised shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Scotiabank downgraded shares of Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and raised their target price for the company from $8.20 to $8.60 in a research note on Friday, March 27th. Finally, Weiss Ratings downgraded shares of Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Telecom Argentina Stet – France Telecom currently has a consensus rating of “Hold” and a consensus target price of $13.87.

Telecom Argentina Stet – France Telecom Stock Performance

The business’s fifty day simple moving average is $11.62 and its 200-day simple moving average is $11.76. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.46 and a current ratio of 0.48. The firm has a market capitalization of $5.37 billion, a PE ratio of -37.41 and a beta of 1.26.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $1.35 billion during the quarter. Telecom Argentina Stet – France Telecom had a negative return on equity of 2.53% and a negative net margin of 2.17%. As a group, equities research analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 0.67 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Monaco Asset Management SAM purchased a new stake in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at about $872,000. Ping Capital Management Inc. purchased a new stake in Telecom Argentina Stet – France Telecom during the third quarter worth approximately $278,000. Y Intercept Hong Kong Ltd grew its stake in Telecom Argentina Stet – France Telecom by 8.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 21,330 shares of the utilities provider’s stock worth $249,000 after buying an additional 1,628 shares during the period. Pictet Asset Management Holding SA purchased a new stake in Telecom Argentina Stet – France Telecom during the first quarter worth approximately $561,000. Finally, Verde Servicos Internacionais S.A. purchased a new stake in Telecom Argentina Stet – France Telecom during the first quarter worth approximately $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.