Baruki Luis Alberto Gonzalez Sells 188,500 Shares of Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $2.78, for a total value of $524,030.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Telecom Argentina Stet – France Telecom Price Performance

Shares of NYSE:TEO traded down $0.06 during trading on Wednesday, hitting $13.46. 110,584 shares of the company’s stock were exchanged, compared to its average volume of 225,125. The business’s 50-day simple moving average is $13.40 and its 200 day simple moving average is $12.56. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 10.94 and a beta of 1.36. Telecom Argentina Stet – France Telecom S.A. has a 52-week low of $6.43 and a 52-week high of $16.34. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.58 and a quick ratio of 0.55.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TEO. Sagil Capital LLP purchased a new position in Telecom Argentina Stet – France Telecom during the 4th quarter worth $7,629,000. RWC Asset Management LLP increased its position in Telecom Argentina Stet – France Telecom by 50.7% during 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. Verde Servicos Internacionais S.A. purchased a new stake in Telecom Argentina Stet – France Telecom in the first quarter valued at about $701,000. SPX Gestao de Recursos Ltda acquired a new stake in Telecom Argentina Stet – France Telecom in the 1st quarter worth approximately $8,565,000. Finally, Absolute Gestao de Investimentos Ltda. purchased a new position in Telecom Argentina Stet – France Telecom in the 1st quarter worth $1,015,000.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Morgan Stanley raised Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $13.00 to $17.00 in a research note on Wednesday, June 24th. UBS Group cut their price target on Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating for the company in a report on Wednesday, August 12th. Zacks Research cut Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Scotiabank increased their target price on 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. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Telecom Argentina Stet – France Telecom has a consensus rating of “Hold” and an average price target of $15.43.

About Telecom Argentina Stet – France Telecom

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.