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.

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

Wall Street Analysts Forecast Growth

TEO has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price objective on 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 restated an "underperform" rating on shares of Telecom Argentina Stet - France Telecom in a research report on Thursday, May 15th.

Telecom Argentina Stet - France Telecom Price Performance

The firm's 50-day moving average is $9.25 and its 200-day moving average is $10.26. The company has a market capitalization of $4.22 billion, a PE ratio of 20.39 and a beta of 1.20. The company has a quick ratio of 0.44, a current ratio of 0.43 and a debt-to-equity ratio of 0.48.

Telecom Argentina Stet - France Telecom (NYSE:TEO - Get Free Report) last issued its earnings results on Monday, May 12th. The utilities provider reported $0.20 EPS for the quarter, topping analysts' consensus estimates of ($0.24) by $0.44. Telecom Argentina Stet - France Telecom had a negative net margin of 0.36% and a negative return on equity of 0.28%. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.08 billion. Equities analysts predict that Telecom Argentina Stet - France Telecom S.A. will post 1.28 earnings per share for the current fiscal year.

Institutional Trading of Telecom Argentina Stet - France Telecom

Several institutional investors have recently added to or reduced their stakes in TEO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Telecom Argentina Stet - France Telecom by 111.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,327,035 shares of the utilities provider's stock valued at $29,297,000 after buying an additional 1,224,369 shares during the period. Bosun Asset Management LLC purchased a new stake in Telecom Argentina Stet - France Telecom during the fourth quarter valued at about $1,031,000. Arrowstreet Capital Limited Partnership boosted its position in Telecom Argentina Stet - France Telecom by 321.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider's stock valued at $925,000 after buying an additional 79,893 shares during the period. Jump Financial LLC purchased a new stake in Telecom Argentina Stet - France Telecom during the second quarter valued at about $596,000. Finally, Freedom Investment Management Inc. purchased a new position in shares of Telecom Argentina Stet - France Telecom in the fourth quarter valued at about $577,000.

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.

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