Telecom Argentina Stet - France Telecom (NYSE:TEO) Stock Price Down 4.2% - Should You Sell?

Key Points

• Telecom Argentina Stet - France Telecom's stock price fell by 4.2%, trading at approximately $6.99 after closing at $7.30.
• Analysts hold mixed views on the company, with one rating it as a Buy, another as Hold, and two as Sell, leading to an average rating of "Reduce" and a consensus price target of $10.23.
• The company has experienced significant trading volume decline, with shares traded at 150,515, a 33% drop from the average session volume.

Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report)'s share price traded down 4.2% on Wednesday . The company traded as low as $6.97 and last traded at $6.99. 150,515 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 223,436 shares. The stock had previously closed at $7.30.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Telecom Argentina Stet - France Telecom in a report on Saturday, September 27th. Scotiabank raised shares of Telecom Argentina Stet - France Telecom from a "sector underperform" rating to a "sector perform" rating and raised their price target for the company from $4.50 to $8.20 in a report on Monday, September 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $10.23.

Telecom Argentina Stet - France Telecom Stock Down 2.2%

The company has a market cap of $3.08 billion, a price-to-earnings ratio of -237.75 and a beta of 1.30. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The firm's fifty day moving average price is $8.41 and its 200-day moving average price is $9.32.

Hedge Funds Weigh In On Telecom Argentina Stet - France Telecom

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of 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 period. Invesco Ltd. lifted its position 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 acquiring an additional 9,243 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Telecom Argentina Stet - France Telecom in the 1st quarter valued at $119,000. Engineers Gate Manager LP bought a new stake in Telecom Argentina Stet - France Telecom in the 2nd quarter valued at $110,000. Finally, Cetera Investment Advisers bought a new stake in Telecom Argentina Stet - France Telecom in the 1st quarter valued at $271,000.

Telecom Argentina Stet - France Telecom Company Profile

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.

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