Telecom Argentina Stet - France Telecom (NYSE:TEO) Reaches New 1-Year Low - What's Next?

Key Points

• Telecom Argentina shares fell 4.4% to a new 52-week low of $10.43, well below their 50-day and 200-day moving averages.
• Analyst opinions are mixed: four rate the stock a Buy, two a Hold and one a Sell. The consensus rating is Hold, with an average price target of $15.93.
• The company has a $4.56 billion market capitalization, a P/E ratio of 8.61 and moderate leverage, while institutional investors have recently initiated or increased positions.

Shares of Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) hit a new 52-week low during trading on Friday. The company traded as low as $10.43 and last traded at $10.3970, with a volume of 328,557 shares traded. The stock had previously closed at $11.08.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TEO shares. Santander began coverage on shares of Telecom Argentina Stet - France Telecom in a report on Friday, October 16th. They set an "outperform" rating on the stock. Wall Street Zen lowered Telecom Argentina Stet - France Telecom from a "buy" rating to a "hold" rating in a report on Sunday, September 20th. 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. UBS Group lowered 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 research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. upped their target price 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 assigned a Sell rating to the stock. According to MarketBeat.com, Telecom Argentina Stet - France Telecom presently has a consensus rating of "Hold" and an average target price of $15.93.

Telecom Argentina Stet - France Telecom Trading Down 4.4%

The company's fifty day simple moving average is $12.86 and its 200-day simple moving average is $12.59. 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 firm has a market capitalization of $4.56 billion, a PE ratio of 8.61 and a beta of 1.35.

Insider Buying and Selling at Telecom Argentina Stet - France Telecom

In other news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the company'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 value of $524,030.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Telecom Argentina Stet - France Telecom

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd grew its holdings in shares of Telecom Argentina Stet - France Telecom by 8.3% during 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 period. XP Advisory US Inc. acquired a new position in Telecom Argentina Stet - France Telecom in the second quarter valued at about $82,000. Engineers Gate Manager LP boosted its stake in Telecom Argentina Stet - France Telecom by 105.6% during the second quarter. Engineers Gate Manager LP now owns 86,936 shares of the utilities provider's stock worth $1,130,000 after buying an additional 44,647 shares during the period. Pictet Asset Management Holding SA purchased a new position in Telecom Argentina Stet - France Telecom during the first quarter worth about $561,000. Finally, Absolute Gestao de Investimentos Ltda. purchased a new position in Telecom Argentina Stet - France Telecom during the first quarter worth 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.

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