Telecom Argentina Stet – France Telecom (NYSE:TEO) Insider Martin Andres Heine Purchases 7,000 Shares of Company Stock

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) insider Martin Andres Heine bought 7,000 shares of Telecom Argentina Stet – France Telecom stock in a transaction that occurred on Friday, October 9th. The stock was bought at an average price of $2.67 per share, with a total value of $18,690.00. Following the purchase, the insider owned 41,500 shares of the company’s stock, valued at $110,805. This trade represents a 20.29% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Telecom Argentina Stet – France Telecom Stock Up 1.3%

TEO stock opened at $12.41 on Thursday. Telecom Argentina Stet – France Telecom S.A. has a twelve month low of $7.07 and a twelve month high of $16.34. The company has a market cap of $5.34 billion, a PE ratio of 10.09 and a beta of 1.35. The business’s 50-day simple moving average is $13.15 and its 200 day simple moving average is $12.93. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.50.

Analyst Upgrades and Downgrades

TEO has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, September 4th. UBS Group cut their target price on Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings lowered Telecom Argentina Stet – France Telecom from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 2nd. Wall Street Zen lowered Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research note on Sunday, September 20th. Finally, Zacks Research cut Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.93.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Several institutional investors have recently added to or reduced their stakes in the company. Artemis Investment Management LLP bought a new stake in Telecom Argentina Stet – France Telecom during the 3rd quarter worth approximately $11,422,000. ABS Direct Equity Fund LLC bought a new position in Telecom Argentina Stet – France Telecom in the 2nd quarter valued at $3,033,000. Engineers Gate Manager LP raised its position in Telecom Argentina Stet – France Telecom by 105.6% in the 2nd quarter. Engineers Gate Manager LP now owns 86,936 shares of the utilities provider’s stock valued at $1,130,000 after purchasing an additional 44,647 shares during the last quarter. Absolute Gestao de Investimentos Ltda. raised its position in Telecom Argentina Stet – France Telecom by 156.7% in the 2nd quarter. Absolute Gestao de Investimentos Ltda. now owns 222,922 shares of the utilities provider’s stock valued at $2,898,000 after purchasing an additional 136,091 shares during the last quarter. Finally, XP Advisory US Inc. acquired a new position in Telecom Argentina Stet – France Telecom in the second quarter worth $82,000.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA, formerly known as Telecom Argentina Stet-France Telecom SA, is an Argentine telecommunications company that provides connectivity and communications services to consumers, businesses and government organizations. Its operations include fixed-line and mobile voice services, broadband internet, data transmission, digital communications and information technology solutions.

The company markets consumer services under brands including Personal, which provides mobile and broadband services, and Flow, its entertainment and pay-TV platform.