Telecom Argentina Stet – France Telecom (NYSE:TEO) Sees Large Volume Increase – Still a Buy?

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) saw unusually-strong trading volume on Monday . Approximately 516,847 shares were traded during mid-day trading, an increase of 34% from the previous session’s volume of 384,919 shares.The stock last traded at $13.2050 and had previously closed at $13.75.

Analyst Upgrades and Downgrades

TEO has been the subject of several research reports. Wall Street Zen raised Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Scotiabank upped their price target on Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. lifted their price objective on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 9th. Weiss Ratings raised Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Finally, Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.07.

Telecom Argentina Stet – France Telecom Stock Down 2.9%

The firm’s 50-day simple moving average is $12.69 and its 200 day simple moving average is $12.04. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.58. The company has a market cap of $5.75 billion, a P/E ratio of 26.20 and a beta of 1.32.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. The business had revenue of $1.35 billion during the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%. On average, research analysts forecast that Telecom Argentina Stet – France Telecom S.A. will post 1.65 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Alejandro Alberto Urricelqui purchased 38,890 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average cost of $13.43 per share, with a total value of $522,292.70. Following the purchase, the director directly owned 399,348 shares in the company, valued at $5,363,243.64. The trade was a 10.79% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp acquired a new position in Telecom Argentina Stet – France Telecom during the third quarter valued at approximately $43,000. EFG International AG bought a new position in shares of Telecom Argentina Stet – France Telecom during the fourth quarter worth $58,000. Qube Research & Technologies Ltd bought a new position in shares of Telecom Argentina Stet – France Telecom during the third quarter worth $98,000. Engineers Gate Manager LP acquired a new position in shares of Telecom Argentina Stet – France Telecom in the 2nd quarter valued at $110,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Telecom Argentina Stet – France Telecom in the 4th 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.