Telecom Argentina Stet – France Telecom (NYSE:TEO) Hits New 1-Year Low – What’s Next?

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO – Get Free Report) reached a new 52-week low during trading on Thursday. The stock traded as low as $10.20 and last traded at $10.0450, with a volume of 2,477 shares trading hands. The stock had previously closed at $10.40.

Analysts Set New Price Targets

Several research analysts have issued reports on TEO shares. UBS Group decreased their price target on shares of Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Wall Street Zen downgraded Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. Santander assumed coverage on Telecom Argentina Stet – France Telecom in a research note on Friday, October 16th. They set an “outperform” rating for the company. Weiss Ratings downgraded Telecom Argentina Stet – France Telecom from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.93.

Read Our Latest Research Report on TEO

Telecom Argentina Stet – France Telecom Trading Down 1.0%

The firm has a market capitalization of $4.29 billion, a PE ratio of 8.10 and a beta of 1.41. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.58 and a quick ratio of 0.55. The company has a fifty day moving average of $12.51 and a 200-day moving average of $12.56.

Insider Buying and Selling at Telecom Argentina Stet – France Telecom

In related news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of Telecom Argentina Stet – France Telecom stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $2.78, for a total value of $524,030.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Telecom Argentina Stet – France Telecom

Institutional investors and hedge funds have recently made changes to their positions in the stock. XP Advisory US Inc. acquired a new position in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter valued at about $82,000. Y Intercept Hong Kong Ltd boosted its position 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 purchasing an additional 1,628 shares during the period. Pictet Asset Management Holding SA bought a new stake in Telecom Argentina Stet – France Telecom during the first quarter worth approximately $561,000. CenterBook Partners LP grew its holdings in Telecom Argentina Stet – France Telecom by 87.4% during the third quarter. CenterBook Partners LP now owns 78,034 shares of the utilities provider’s stock valued at $957,000 after purchasing an additional 36,387 shares during the last quarter. Finally, Absolute Gestao de Investimentos Ltda. acquired a new position in Telecom Argentina Stet – France Telecom during the first quarter valued at approximately $1,015,000.

About Telecom Argentina Stet – France Telecom

(Get Free Report)

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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