Telecom Argentina SA (TEO) Stake Held by LSV Asset Management
LSV Asset Management maintained its position in shares of Telecom Argentina SA (NYSE:TEO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,300 shares of the company’s stock at the end of the second quarter. LSV Asset Management’s holdings in Telecom Argentina SA were worth $225,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC increased its position in shares of Telecom Argentina SA by 24.1% in the first quarter. Acadian Asset Management LLC now owns 728,675 shares of the company’s stock valued at $13,036,000 after buying an additional 141,430 shares in the last quarter. TT International increased its position in shares of Telecom Argentina SA by 52.1% in the second quarter. TT International now owns 289,160 shares of the company’s stock valued at $5,300,000 after buying an additional 99,085 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Telecom Argentina SA during the second quarter valued at approximately $547,000. John G Ullman & Associates Inc. bought a new position in shares of Telecom Argentina SA during the second quarter valued at approximately $374,000. Finally, Cambiar Investors LLC bought a new position in shares of Telecom Argentina SA during the second quarter valued at approximately $372,000. Institutional investors and hedge funds own 8.50% of the company’s stock.
Shares of Telecom Argentina SA (NYSE:TEO) traded down 0.75% during trading on Monday, hitting $18.48. The company had a trading volume of 352,690 shares. The firm’s 50 day moving average is $18.31 and its 200-day moving average is $18.47. The stock has a market capitalization of $3.58 billion, a P/E ratio of 17.03 and a beta of 1.47. Telecom Argentina SA has a 52 week low of $13.36 and a 52 week high of $20.28.
The company also recently disclosed a dividend, which was paid on Friday, September 2nd. Investors of record on Thursday, August 25th were given a dividend of $0.455 per share. The ex-dividend date of this dividend was Tuesday, August 23rd. Telecom Argentina SA’s dividend payout ratio (DPR) is presently 45.45%.
TEO has been the subject of several analyst reports. Zacks Investment Research upgraded Telecom Argentina SA from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday, August 23rd. TheStreet raised Telecom Argentina SA from a “hold” rating to a “buy” rating in a report on Monday, July 11th. Finally, Morgan Stanley raised Telecom Argentina SA from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $18.00 to $23.00 in a report on Tuesday, September 6th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Telecom Argentina SA presently has a consensus rating of “Buy” and an average price target of $20.28.
Telecom Argentina SA Company Profile
Telecom Argentina SA provides fixed-line telecommunications services and other telephone-related services, such as international long-distance service, data transmission, information technology (IT) solutions outsourcing and Internet services. The Company provides mobile telecommunications services and international wholesale services.
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