Telecom Argentina Stet - France Telecom (NYSE:TEO) Stock Price Breaks Above 200 Day Moving Average - Should You Sell?

Key Points

• TEO shares rose above their 200-day moving average of $12.91, reaching $12.99 before trading at $12.8050, up approximately 1.5%.
• Analyst sentiment is mixed: three analysts rate the stock Buy, two Hold, and one Sell, resulting in a consensus Hold rating and an average price target of $15.93.
• Several hedge funds initiated or increased positions in TEO, while an insider sold 188,500 shares; corporate insiders currently own about 1% of the company.

Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $12.91 and traded as high as $12.99. Telecom Argentina Stet - France Telecom shares last traded at $12.8050, with a volume of 358,073 shares.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TEO shares. Wall Street Zen lowered shares of Telecom Argentina Stet - France Telecom from a "buy" rating to a "hold" rating in a research note on Sunday, September 20th. Zacks Research lowered Telecom Argentina Stet - France Telecom from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Morgan Stanley raised Telecom Argentina Stet - France Telecom from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $13.00 to $17.00 in a research report on Wednesday, June 24th. UBS Group decreased 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. Finally, Weiss Ratings lowered shares of Telecom Argentina Stet - France Telecom from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, October 2nd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $15.93.

Telecom Argentina Stet - France Telecom Stock Up 1.5%

The firm has a market capitalization of $5.52 billion, a PE ratio of 10.41 and a beta of 1.35. The company's 50 day simple moving average is $13.27 and its 200-day simple moving average is $12.91. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.58.

Insider Buying and Selling

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 that occurred 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 legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Telecom Argentina Stet - France Telecom

A number of hedge funds and other institutional investors have recently modified their holdings of TEO. Artemis Investment Management LLP bought a new stake in Telecom Argentina Stet - France Telecom in the 3rd quarter worth approximately $11,422,000. SPX Gestao de Recursos Ltda bought a new stake in Telecom Argentina Stet - France Telecom during the 1st quarter valued at $8,565,000. Sagil Capital LLP purchased a new stake in shares of Telecom Argentina Stet - France Telecom during the fourth quarter worth about $7,629,000. ABS Direct Equity Fund LLC bought a new stake in shares of Telecom Argentina Stet - France Telecom in the 2nd quarter worth approximately $3,033,000. Finally, Absolute Gestao de Investimentos Ltda. boosted its holdings in Telecom Argentina Stet - France Telecom by 156.7% in the second quarter. Absolute Gestao de Investimentos Ltda. now owns 222,922 shares of the utilities provider's stock valued at $2,898,000 after acquiring an additional 136,091 shares in the last quarter.

About Telecom Argentina Stet - France Telecom

Telecom Argentina SA, formerly known as Telecom Argentina Stet-France Telecom SA, is an Argentine telecommunications company that provides connectivity and communications services to consumers, businesses and government organizations. Its operations include fixed-line and mobile voice services, broadband internet, data transmission, digital communications and information technology solutions.

The company markets consumer services under brands including Personal, which provides mobile and broadband services, and Flow, its entertainment and pay-TV platform.

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