Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Down 4.8% – Here’s Why

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) dropped 4.8% during trading on Monday . The company traded as low as $11.25 and last traded at $11.28. Approximately 31,703 shares changed hands during trading, a decline of 87% from the average daily volume of 245,245 shares. The stock had previously closed at $11.85.

Wall Street Analyst Weigh In

TEO has been the topic of several recent research reports. Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. UBS Group set a $17.00 target price on Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a report on Monday, November 3rd. Scotiabank raised Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and boosted their price target for the company from $4.50 to $8.20 in a report on Monday, September 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday, November 17th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.93.

Telecom Argentina Stet – France Telecom Stock Performance

The company has a market cap of $4.97 billion, a PE ratio of -384.37 and a beta of 1.35. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $9.30 and its two-hundred day moving average is $9.34.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its quarterly earnings results on Monday, November 10th. The utilities provider reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.13. The business had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Telecom Argentina Stet – France Telecom had a negative return on equity of 0.26% and a negative net margin of 0.28%. On average, equities research analysts anticipate that Telecom Argentina Stet – France Telecom S.A. will post 1.28 EPS for the current year.

Telecom Argentina Stet – France Telecom Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 24th will be issued a $0.0452 dividend. The ex-dividend date of this dividend is Monday, November 24th. Telecom Argentina Stet – France Telecom’s payout ratio is currently -82.86%.

Institutional Trading of Telecom Argentina Stet – France Telecom

A number of institutional investors and hedge funds have recently bought and sold shares of TEO. Banco BTG Pactual S.A. bought a new position in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter valued at about $2,725,000. Two Sigma Investments LP increased its holdings 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 purchasing an additional 155,299 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Telecom Argentina Stet – France Telecom by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,872 shares of the utilities provider’s stock worth $25,270,000 after buying an additional 152,837 shares in the last quarter. Monaco Asset Management SAM purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter worth about $872,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Telecom Argentina Stet – France Telecom by 321.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock valued at $925,000 after buying an additional 79,893 shares during the last quarter.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.