60,000 Shares in Telecom Argentina Stet – France Telecom S.A. $TEO Bought by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. purchased a new position in Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 60,000 shares of the utilities provider’s stock, valued at approximately $701,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sagil Capital LLP acquired a new position in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at about $7,629,000. Banco BTG Pactual S.A. acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter valued at about $2,725,000. RWC Asset Management LLP increased its position in Telecom Argentina Stet – France Telecom by 50.7% in the 4th quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock valued at $11,717,000 after buying an additional 339,416 shares in the last quarter. Marshall Wace LLP bought a new stake in Telecom Argentina Stet – France Telecom in the 4th quarter valued at about $1,969,000. Finally, Two Sigma Investments LP raised its stake in Telecom Argentina Stet – France Telecom by 317.8% during the 3rd quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock worth $1,484,000 after buying an additional 155,299 shares during the period.

Insider Activity at Telecom Argentina Stet – France Telecom

In related news, Director Alejandro Alberto Urricelqui bought 38,890 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average price of $13.43 per share, for a total transaction of $522,292.70. Following the completion of the acquisition, the director directly owned 399,348 shares of the company’s stock, valued at $5,363,243.64. This trade represents a 10.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Telecom Argentina Stet – France Telecom Trading Down 1.4%

NYSE:TEO opened at $13.01 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.56. Telecom Argentina Stet – France Telecom S.A. has a one year low of $6.43 and a one year high of $16.34. The company has a market cap of $5.60 billion, a PE ratio of 25.51 and a beta of 1.32. The firm has a 50-day moving average of $12.75 and a 200-day moving average of $12.05.

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

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.