Telecom Argentina Stet - France Telecom (NYSE:TEO) Trading Down 6.8% - Should You Sell?

Key Points

• Telecom Argentina Stet - France Telecom shares fell 6.8% to $9.85, with trading volume down by 40% compared to the average.
• Goldman Sachs raised the stock's price target to $9.50 but maintained a "sell" rating, reflecting analysts' cautious outlook.
• The company reported earnings of $0.20 per share, exceeding estimates, with quarterly revenue of $1.29 billion, surpassing analysts' expectations of $1.08 billion.

Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) shares fell 6.8% during trading on Thursday . The stock traded as low as $9.87 and last traded at $9.85. 121,510 shares were traded during trading, a decline of 40% from the average session volume of 203,428 shares. The stock had previously closed at $10.56.

Analyst Upgrades and Downgrades

Several research firms recently commented on TEO. The Goldman Sachs Group boosted their target price on Telecom Argentina Stet - France Telecom from $8.30 to $9.50 and gave the stock a "sell" rating in a research note on Wednesday, April 23rd. Scotiabank reissued an "underperform" rating on shares of Telecom Argentina Stet - France Telecom in a report on Thursday, May 15th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, Telecom Argentina Stet - France Telecom presently has an average rating of "Reduce" and a consensus target price of $10.23.

Telecom Argentina Stet - France Telecom Stock Down 7.6%

The firm has a fifty day moving average price of $9.25 and a 200-day moving average price of $10.17. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.48. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of -308.83 and a beta of 1.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Telecom Argentina Stet - France Telecom by 6.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,479,872 shares of the utilities provider's stock valued at $25,270,000 after purchasing an additional 152,837 shares during the period. BNP Paribas Financial Markets increased its holdings in Telecom Argentina Stet - France Telecom by 34.2% in the second quarter. BNP Paribas Financial Markets now owns 149,672 shares of the utilities provider's stock valued at $1,322,000 after buying an additional 38,107 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Telecom Argentina Stet - France Telecom by 321.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider's stock valued at $925,000 after acquiring an additional 79,893 shares during the period. Bosun Asset Management LLC acquired a new position in Telecom Argentina Stet - France Telecom in the fourth quarter valued at approximately $1,031,000. Finally, Jump Financial LLC acquired a new position in shares of Telecom Argentina Stet - France Telecom during the second quarter worth approximately $596,000.

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.