Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO – Get Free Report)’s share price traded down 9.8% on Monday. The stock traded as low as $11.69 and last traded at $11.63. Approximately 61,784 shares traded hands during trading, a decline of 82% from the average session volume of 349,866 shares. The stock had previously closed at $12.90.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on TEO. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. Santander began coverage on shares of Telecom Argentina Stet – France Telecom in a research note on Friday, October 16th. They issued an “outperform” rating for the company. Zacks Research lowered shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. UBS Group reduced 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 report on Wednesday, August 12th. Finally, Wall Street Zen downgraded shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research note on Sunday, September 20th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.93.
Check Out Our Latest Stock Report on TEO
Telecom Argentina Stet – France Telecom Price Performance
The firm has a 50-day moving average price of $13.00 and a 200 day moving average price of $12.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.58. The stock has a market capitalization of $5.09 billion, a P/E ratio of 9.61 and a beta of 1.35.
Insider Activity at Telecom Argentina Stet – France Telecom
In other Telecom Argentina Stet – France Telecom news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the business’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom
Several institutional investors have recently made changes to their positions in the company. Artemis Investment Management LLP acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the third quarter worth $11,422,000. ABS Direct Equity Fund LLC acquired a new position in shares of Telecom Argentina Stet – France Telecom in the 2nd quarter worth approximately $3,033,000. Absolute Gestao de Investimentos Ltda. increased its position in shares of Telecom Argentina Stet – France Telecom by 156.7% during the second 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. SPX Gestao de Recursos Ltda acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the 1st quarter valued at $8,565,000. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the 1st quarter worth approximately $561,000.
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.
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