Telecom Argentina Stet – France Telecom (NYSE:TEO) Shares Down 4.8% – Here’s Why

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) traded down 4.8% on Monday . The company traded as low as $11.25 and last traded at $11.28. 31,703 shares traded hands during trading, a decline of 87% from the average session volume of 245,245 shares. The stock had previously closed at $11.85.

Wall Street Analyst Weigh In

TEO has been the topic of several analyst reports. UBS Group set a $17.00 target price on Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a research report on Monday, November 17th. Zacks Research raised shares of Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Scotiabank upgraded shares of Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and raised their price objective for the company from $4.50 to $8.20 in a research note on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.93.

Telecom Argentina Stet – France Telecom Stock Performance

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 stock has a market capitalization of $4.97 billion, a P/E ratio of -384.37 and a beta of 1.35. The business has a fifty day moving average price of $9.30 and a 200-day moving average price of $9.34.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its earnings results on Monday, November 10th. The utilities provider reported ($0.36) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.13. The business had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.50 billion. Telecom Argentina Stet – France Telecom had a negative return on equity of 0.26% and a negative net margin of 0.28%. On average, sell-side analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 1.28 EPS for the current year.

Telecom Argentina Stet – France Telecom Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 24th will be issued a $0.0452 dividend. The ex-dividend date is Monday, November 24th. Telecom Argentina Stet – France Telecom’s dividend payout ratio (DPR) is currently -82.86%.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp bought a new position in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter valued at $43,000. Hsbc Holdings PLC purchased a new stake in Telecom Argentina Stet – France Telecom during the first quarter valued at $119,000. Engineers Gate Manager LP bought a new position in Telecom Argentina Stet – France Telecom in the second quarter valued at about $110,000. Qube Research & Technologies Ltd purchased a new position in Telecom Argentina Stet – France Telecom in the third quarter worth about $98,000. Finally, Cetera Investment Advisers bought a new stake in shares of Telecom Argentina Stet – France Telecom during the 1st quarter valued at about $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.