Telecom Argentina Stet - France Telecom (NYSE:TEO) Sees Strong Trading Volume - What's Next?

Key Points

• Unusually-strong trading volume: About 247,419 shares traded (versus 276,060 the prior session) as the stock last changed hands at $11.3550, below its 50‑day SMA of $11.66 and down from a $11.79 close.
• Analyst consensus is negative: One Buy, one Hold and three Sell ratings leave a MarketBeat consensus of "Reduce" with a $11.70 target, after recent notes including Zacks' upgrade to Hold and Scotiabank's downgrade to sector underperform.
• Weak recent fundamentals but growing institutional interest: the company reported $0.02 EPS for the quarter with negative net margin and ROE, a $5.04 billion market cap, while several funds (RWC, Two Sigma, Sagil, Marshall Wace) recently added or increased positions.

Shares of Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 247,419 shares were traded during trading, a decline of 10% from the previous session's volume of 276,060 shares.The stock last traded at $11.3550 and had previously closed at $11.79.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TEO. Zacks Research raised Telecom Argentina Stet - France Telecom from a "strong sell" rating to a "hold" rating in a research note on Monday, February 23rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Telecom Argentina Stet - France Telecom in a research note on Monday, December 29th. Finally, Scotiabank downgraded Telecom Argentina Stet - France Telecom from a "sector perform" rating to a "sector underperform" rating and lifted their price target for the company from $8.20 to $8.60 in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $11.70.

Telecom Argentina Stet - France Telecom Price Performance

The company has a 50 day simple moving average of $11.66 and a 200-day simple moving average of $11.04. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of -35.64 and a beta of 1.27. The company has a current ratio of 0.48, a quick ratio of 0.46 and a debt-to-equity ratio of 0.55.

Telecom Argentina Stet - France Telecom (NYSE:TEO - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. Telecom Argentina Stet - France Telecom had a negative return on equity of 2.53% and a negative net margin of 2.17%.The firm had revenue of $1.35 billion for the quarter. Research analysts expect that Telecom Argentina Stet - France Telecom S.A. will post 1.28 EPS for the current year.

Institutional Trading of Telecom Argentina Stet - France Telecom

A number of hedge funds and other institutional investors have recently modified their holdings of TEO. Sagil Capital LLP acquired a new stake in shares of Telecom Argentina Stet - France Telecom in the fourth quarter valued at about $7,629,000. Banco BTG Pactual S.A. acquired a new stake in shares of Telecom Argentina Stet - France Telecom in the third quarter valued at about $2,725,000. RWC Asset Management LLP increased its position in shares of 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 valued at $11,717,000 after acquiring an additional 339,416 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Telecom Argentina Stet - France Telecom in the fourth quarter valued at about $1,969,000. Finally, Two Sigma Investments LP increased its position in shares of Telecom Argentina Stet - France Telecom by 317.8% in the third quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider's stock valued at $1,484,000 after acquiring an additional 155,299 shares during the last quarter.

About Telecom Argentina Stet - France Telecom

Telecom Argentina Stet – France Telecom NYSE: TEO is an integrated telecommunications provider based in Buenos Aires, Argentina. Originally formed through the 1990 privatization of the state-owned Empresa Nacional de Telecomunicaciones (ENTel), the company was initially backed by Italian state carrier STET and French operator France Télécom. Since its listing on the New York Stock Exchange under the ticker TEO, Telecom Argentina has evolved into one of the country's principal communications groups, offering a comprehensive portfolio of voice and data services.

The company's core business activities span fixed-line telephony, mobile services, broadband internet and digital television.

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