Telecom Argentina Stet – France Telecom (NYSE:TEO – Get Free Report) released its quarterly earnings data on Friday. The utilities provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.11, Zacks reports. Telecom Argentina Stet – France Telecom had a net margin of 3.33% and a return on equity of 4.05%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion.
Telecom Argentina Stet – France Telecom Stock Up 0.3%
Telecom Argentina Stet – France Telecom stock opened at $13.85 on Friday. Telecom Argentina Stet – France Telecom has a 52 week low of $6.43 and a 52 week high of $16.34. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 11.26 and a beta of 1.36. The company’s 50-day moving average price is $13.63 and its two-hundred day moving average price is $12.47. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.51.
Insider Buying and Selling at Telecom Argentina Stet – France Telecom
In related news, Director Alejandro Alberto Urricelqui purchased 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average cost of $13.43 per share, with a total value of $522,292.70. Following the purchase, the director owned 399,348 shares in the company, valued at approximately $5,363,243.64. The trade was a 10.79% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
Analyst Ratings Changes
A number of brokerages have weighed in on TEO. Scotiabank increased their target price on shares of Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the stock a “sector underperform” rating in a report on Wednesday, May 27th. Zacks Research downgraded shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Morgan Stanley raised shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $13.00 to $17.00 in a report on Wednesday, June 24th. Wall Street Zen downgraded Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 26th. Finally, JPMorgan Chase & Co. lifted their target price on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.55.
View Our Latest Research Report on TEO
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.
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