Alpine Global Management LLC acquired a new stake in shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,913 shares of the utilities provider’s stock, valued at approximately $403,000.

Other hedge funds have also modified their holdings of the company. Pictet Asset Management Ltd. purchased a new position in Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $114,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $208,000. Marathon Asset Management LP purchased a new position in Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $215,000. BTC Capital Management Inc. purchased a new position in Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $224,000. Finally, Eqis Capital Management Inc. purchased a new position in Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $233,000. 5.22% of the stock is currently owned by institutional investors.

TEO has been the topic of several research reports. HSBC Holdings plc lowered shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research raised shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a report on Saturday, August 12th. Morgan Stanley lowered shares of Telecom Argentina Stet – France Telecom from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $25.00 to $28.00 in a report on Thursday, August 10th. TheStreet raised shares of Telecom Argentina Stet – France Telecom from a “c+” rating to an “a” rating in a report on Monday, June 12th. Finally, BidaskClub downgraded shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Telecom Argentina Stet – France Telecom currently has an average rating of “Buy” and a consensus target price of $29.67.

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) traded up 0.41% during midday trading on Friday, reaching $31.83. 153,008 shares of the company’s stock traded hands. The stock has a market capitalization of $6.17 billion, a P/E ratio of 18.19 and a beta of 1.47. Telecom Argentina Stet – France Telecom S.A. has a 1-year low of $17.04 and a 1-year high of $32.12. The firm’s 50-day moving average price is $30.78 and its 200 day moving average price is $26.61.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/alpine-global-management-llc-acquires-shares-of-15913-telecom-argentina-stet-france-telecom-s-a-teo/1617700.html.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company’s segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services).

Institutional Ownership by Quarter for Telecom Argentina Stet - France Telecom (NYSE:TEO)

Receive News & Ratings for Telecom Argentina Stet - France Telecom S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telecom Argentina Stet - France Telecom S.A. and related companies with Analyst Ratings Network's FREE daily email newsletter.