Telecom Argentina Stet - France Telecom (NYSE:TEO) Issues Quarterly Earnings Results

Key Points

• Quarterly earnings missed expectations: Telecom Argentina reported EPS of ($0.10), versus analysts’ estimate of $0.32. Revenue was $1.77 billion, slightly above the $1.76 billion consensus.
• Shares slipped 0.6% to $10.52 on Thursday, trading within a 52-week range of $9.75 to $16.34.
• Analyst views were mixed, with MarketBeat reporting an overall “Hold” rating and an average price target of $15.93.

Telecom Argentina Stet - France Telecom (NYSE:TEO - Get Free Report) announced its earnings results on Thursday. The utilities provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.42), FiscalAI reports. Telecom Argentina Stet - France Telecom had a net margin of 7.61% and a return on equity of 9.38%. The business had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.76 billion.

Telecom Argentina Stet - France Telecom Stock Down 0.6%

Shares of TEO traded down $0.06 during midday trading on Thursday, reaching $10.52. 480,712 shares of the stock were exchanged, compared to its average volume of 355,046. Telecom Argentina Stet - France Telecom has a 52 week low of $9.75 and a 52 week high of $16.34. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company's 50 day moving average is $12.34 and its two-hundred day moving average is $12.54. The company has a market capitalization of $4.53 billion, a P/E ratio of 8.55 and a beta of 1.41.

Insider Activity 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 dated Thursday, August 20th. The stock was sold at an average price of $2.78, for a total value of $524,030.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Weiss Ratings cut Telecom Argentina Stet - France Telecom from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, October 30th. Wall Street Zen lowered Telecom Argentina Stet - France Telecom from a "buy" rating to a "hold" rating in a research note on Sunday, September 20th. UBS Group dropped their price objective on Telecom Argentina Stet - France Telecom from $18.00 to $16.50 and set a "buy" rating for the company in a report on Wednesday, August 12th. Santander began coverage on Telecom Argentina Stet - France Telecom in a report on Friday, October 16th. They set an "outperform" rating for the company. Finally, JPMorgan Chase & Co. upped their price objective 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 analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Telecom Argentina Stet - France Telecom currently has an average rating of "Hold" and an average price target of $15.93.

About Telecom Argentina Stet - France Telecom

Telecom Argentina S.A. is a telecommunications and digital services provider based in Argentina. Its offerings include mobile and fixed-line phone service, broadband internet, pay television and digital entertainment, serving residential and business customers. The company markets mobile and internet services under the Personal brand and offers television and streaming services through Flow. It also provides connectivity and technology solutions to business and wholesale customers. Telecom Argentina was established in 1990 as part of the privatization of Argentina's state-owned telephone system.

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