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

Key Points

• Telecom Argentina Stet - France Telecom recently crossed above its 200-day moving average of $10.26, trading at $10.40 with a volume of 177,608 shares.
• Analyst opinions vary as Scotiabank maintains an "underperform" rating, while Goldman Sachs increased their target price from $8.30 to $9.50, indicating a "sell" rating.
• In its latest earnings report, the company surpassed expectations with $0.20 earnings per share compared to a consensus estimate of ($0.24) and reported revenue of $1.29 billion against an expected $1.08 billion.

Shares of Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.26 and traded as high as $10.44. Telecom Argentina Stet - France Telecom shares last traded at $10.40, with a volume of 177,608 shares.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Telecom Argentina Stet - France Telecom from $8.30 to $9.50 and gave the stock a "sell" rating in a research report on Wednesday, April 23rd. Scotiabank reaffirmed an "underperform" rating on shares of Telecom Argentina Stet - France Telecom in a research report on Thursday, May 15th.

Telecom Argentina Stet - France Telecom Stock Down 0.9%

The firm's fifty day moving average price is $9.26 and its 200-day moving average price is $10.21. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.43 and a quick ratio of 0.44. The firm has a market capitalization of $4.17 billion, a P/E ratio of -322.56 and a beta of 1.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TEO. Mariner LLC boosted its stake in Telecom Argentina Stet - France Telecom by 8.1% in the 4th quarter. Mariner LLC now owns 32,792 shares of the utilities provider's stock worth $413,000 after purchasing an additional 2,467 shares during the period. Bank of America Corp DE grew its stake in Telecom Argentina Stet - France Telecom by 21.3% in the 2nd quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider's stock valued at $237,000 after buying an additional 4,714 shares during the last quarter. XTX Topco Ltd grew its stake in Telecom Argentina Stet - France Telecom by 64.7% in the 4th quarter. XTX Topco Ltd now owns 17,510 shares of the utilities provider's stock valued at $220,000 after buying an additional 6,878 shares during the last quarter. Invesco Ltd. grew its stake in Telecom Argentina Stet - France Telecom by 19.8% in the 1st quarter. Invesco Ltd. now owns 56,029 shares of the utilities provider's stock valued at $571,000 after buying an additional 9,243 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Telecom Argentina Stet - France Telecom in the 1st quarter worth $119,000.

About Telecom Argentina Stet - France Telecom

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.