Telecom Argentina Stet - France Telecom (NYSE:TEO) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Telecom Argentina (NYSE: TEO) shares crossed above their 200‑day moving average of $11.37 during Friday trading, touching $11.93 intraday on volume of about 168,600 shares, signalling a short‑term technical uptick.
• Analyst sentiment is cautious with a consensus rating of "Reduce" and a $12.80 consensus target; the coverage mix is one Buy, one Hold and two Sell, with recent revisions including Zacks moving to Hold and Scotiabank downgrading to sector underperform.
• Underlying fundamentals remain weak: the company reported $0.02 EPS last quarter but has a negative net margin (-2.17%) and ROE (-2.53%), a negative PE of -34.29, and tight liquidity (quick ratio 0.46), highlighting profitability concerns despite the technical breakout.

Shares of Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.37 and traded as high as $11.93. Telecom Argentina Stet - France Telecom shares last traded at $11.3150, with a volume of 168,627 shares traded.

Wall Street Analysts Forecast Growth

TEO has been the subject of several research analyst reports. Zacks Research raised shares of Telecom Argentina Stet - France Telecom from a "strong sell" rating to a "hold" rating in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Telecom Argentina Stet - France Telecom in a research report on Monday, December 29th. Finally, Scotiabank lowered shares of Telecom Argentina Stet - France Telecom from a "sector perform" rating to a "sector underperform" rating and upped their price target for the stock from $8.20 to $8.60 in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Telecom Argentina Stet - France Telecom currently has a consensus rating of "Reduce" and a consensus target price of $12.80.

Telecom Argentina Stet - France Telecom Trading Down 2.2%

The company has a quick ratio of 0.46, a current ratio of 0.48 and a debt-to-equity ratio of 0.55. The firm's 50 day simple moving average is $11.52 and its 200-day simple moving average is $11.37. The company has a market capitalization of $4.87 billion, a PE ratio of -34.29 and a beta of 1.27.

Telecom Argentina Stet - France Telecom (NYSE:TEO - Get Free Report) last released its quarterly earnings data 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 net margin of 2.17% and a negative return on equity of 2.53%. The company had revenue of $1.35 billion during the quarter. As a group, equities research analysts anticipate that Telecom Argentina Stet - France Telecom S.A. will post 0.23 EPS for the current year.

Institutional Investors Weigh In On Telecom Argentina Stet - France Telecom

Institutional investors have recently bought and sold shares of the business. EFG International AG purchased a new stake in Telecom Argentina Stet - France Telecom during the fourth quarter worth approximately $58,000. Van ECK Associates Corp purchased a new position in shares of Telecom Argentina Stet - France Telecom in the third quarter valued at $43,000. Engineers Gate Manager LP purchased a new position in shares of Telecom Argentina Stet - France Telecom in the second quarter valued at $110,000. Qube Research & Technologies Ltd purchased a new position in shares of Telecom Argentina Stet - France Telecom in the third quarter valued at $98,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Telecom Argentina Stet - France Telecom in the fourth quarter valued at $171,000.

Telecom Argentina Stet - France Telecom Company Profile

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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