Telecom Argentina Stet - France Telecom (NYSE:TEO) Hits New 12-Month Low - What's Next?

Key Points

• Telecom Argentina shares hit a 52-week low, trading as low as $10.20 and last at $10.045, below the prior close of $10.40.
• Analyst views are mixed: MarketBeat reports a consensus “Hold” rating and an average price target of $15.93, with four Buy, two Hold, and one Sell rating.
• The company has a $4.24 billion market capitalization and a 0.50 debt-to-equity ratio; a director also disclosed selling 188,500 shares in August.

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

Wall Street Analyst Weigh In

Several research firms have commented on TEO. Santander began coverage on Telecom Argentina Stet - France Telecom in a report on Friday, October 16th. They issued an "outperform" rating for the company. JPMorgan Chase & Co. boosted 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. Weiss Ratings cut Telecom Argentina Stet - France Telecom from a "hold (c)" rating to a "hold (c-)" rating in a research report 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. Finally, UBS Group reduced their target price on Telecom Argentina Stet - France Telecom from $18.00 to $16.50 and set a "buy" rating for the company in a research report on Wednesday, August 12th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $15.93.

Telecom Argentina Stet - France Telecom Price Performance

The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 8.00 and a beta of 1.41. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.50. The company's 50-day moving average is $12.64 and its 200-day moving average is $12.57.

Insider Activity

In related news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $2.78, for a total transaction of $524,030.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company's stock.

Institutional Trading of Telecom Argentina Stet - France Telecom

Large investors have recently bought and sold shares of the stock. XP Advisory US Inc. acquired a new stake in shares of Telecom Argentina Stet - France Telecom in the 2nd quarter valued at $82,000. Y Intercept Hong Kong Ltd grew its holdings in shares of Telecom Argentina Stet - France Telecom by 8.3% in the 1st 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 last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of Telecom Argentina Stet - France Telecom during the 1st quarter worth about $561,000. CenterBook Partners LP increased its position in shares of Telecom Argentina Stet - France Telecom by 87.4% during the 3rd quarter. CenterBook Partners LP now owns 78,034 shares of the utilities provider's stock worth $957,000 after purchasing an additional 36,387 shares in the last quarter. Finally, Absolute Gestao de Investimentos Ltda. bought a new position in Telecom Argentina Stet - France Telecom during the 1st quarter valued at about $1,015,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.