Telecom Argentina Stet - France Telecom (NYSE:TEO) Stock Price Down 6% - Time to Sell?

Key Points

• Telecom Argentina’s stock fell 6% to approximately $11.54, with trading volume 46% below its average session volume.
• Analyst sentiment is mixed: Morgan Stanley upgraded the stock and raised its target to $17, while other firms downgraded or lowered targets. The consensus rating remains “Hold”, with an average price target of $15.93.
• The company has a $5.02 billion market capitalization, a P/E ratio of 9.48, and notable hedge-fund interest, including new positions from Sagil Capital and SPX Gestao de Recursos.

Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report)'s stock price traded down 6% during trading on Thursday. The stock traded as low as $11.50 and last traded at $11.5350. 189,983 shares were traded during mid-day trading, a decline of 46% from the average session volume of 352,181 shares. The stock had previously closed at $12.27.

Analyst Ratings Changes

Several brokerages recently issued reports on TEO. Morgan Stanley upgraded shares of Telecom Argentina Stet - France Telecom from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $13.00 to $17.00 in a research report on Wednesday, June 24th. Zacks Research cut Telecom Argentina Stet - France Telecom from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Weiss Ratings upgraded Telecom Argentina Stet - France Telecom from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, September 16th. 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, Wall Street Zen cut Telecom Argentina Stet - France Telecom from a "buy" rating to a "hold" rating in a research note on Sunday, September 20th. Three investment 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $15.93.

Telecom Argentina Stet - France Telecom Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.58. The stock has a market capitalization of $5.02 billion, a P/E ratio of 9.48 and a beta of 1.33. The business has a 50-day moving average price of $13.44 and a 200 day moving average price of $12.87.

Insider Buying and Selling

In other news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the stock in a transaction 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 legal filing with the SEC, which is available through this link. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Telecom Argentina Stet - France Telecom

Hedge funds have recently bought and sold shares of the company. Sagil Capital LLP purchased a new stake in Telecom Argentina Stet - France Telecom during the 4th quarter valued at about $7,629,000. RWC Asset Management LLP raised its holdings in Telecom Argentina Stet - France Telecom by 50.7% in the fourth quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider's stock worth $11,717,000 after buying an additional 339,416 shares during the last quarter. Verde Servicos Internacionais S.A. bought a new position in shares of Telecom Argentina Stet - France Telecom in the first quarter worth approximately $701,000. ABS Direct Equity Fund LLC bought a new position in shares of Telecom Argentina Stet - France Telecom in the second quarter worth approximately $3,033,000. Finally, SPX Gestao de Recursos Ltda purchased a new stake in shares of Telecom Argentina Stet - France Telecom during the first quarter valued at approximately $8,565,000.

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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