Tele Norte Leste Holding Stock Hits New 52-Week Low (TNE)

NEW YORK ( TheStreet) -- Tele Norte Leste Holding Company (NYSE: TNE) hit a new 52-week low Tuesday as it is currently trading at $11.78, below its previous 52-week low of $11.80 with 80,118 shares traded as of 9:36 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

Tele Norte Leste Holding has a market cap of $5.8 billion and is part of the technology sector and telecommunications industry. Shares are down 15.5% year to date as of the close of trading on Friday.

Tele Norte Leste Participacoes S.A. provides telecommunication services primarily in Brazil. It offers a portfolio of integrated and convergent communication products that include regular fixed and mobile telephony, data transmission, and ISP services. The company has a P/E ratio of 17.7, above the average telecommunications industry P/E ratio of 12 and equal to the S&P 500 P/E ratio of 17.7.
  • Practice your TNE trading strategies and win cash in our stock game.

TheStreet Ratings rates Tele Norte Leste Holding as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and disappointing return on equity. You can view the full Tele Norte Leste Holding Ratings Report.

See all 52-week low stocks or get investment ideas from our investment research center.

null

More from Markets

GE Confirms $11.1 Billion Transportation Merger With Wabtec

GE Confirms $11.1 Billion Transportation Merger With Wabtec

Dow Trades Above 25,000 as U.S.-China Trade Tensions Thaw

Dow Trades Above 25,000 as U.S.-China Trade Tensions Thaw

Treasury Secretary Mnuchin: 'Take the Over' on U.S. GDP Topping 3% This Year

Treasury Secretary Mnuchin: 'Take the Over' on U.S. GDP Topping 3% This Year

Video: Why the Stock Market Is Discounting China Trade Fears for Now

Video: Why the Stock Market Is Discounting China Trade Fears for Now

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000

Global Stocks Rally as US-China Trade War Thaws; Dow Could Test 25,000