Standard Life Aberdeen plc lowered its holdings in Telecom Argentina SA (NYSE:TEO) by 27.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,651 shares of the utilities provider’s stock after selling 29,661 shares during the period. Standard Life Aberdeen plc’s holdings in Telecom Argentina were worth $2,807,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TEO. Quantbot Technologies LP purchased a new stake in shares of Telecom Argentina in the third quarter valued at $165,000. Victory Capital Management Inc. purchased a new stake in shares of Telecom Argentina in the fourth quarter valued at $182,000. Atria Investments LLC purchased a new stake in shares of Telecom Argentina in the fourth quarter valued at $213,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Telecom Argentina in the fourth quarter valued at $244,000. Finally, Comerica Bank purchased a new stake in shares of Telecom Argentina in the fourth quarter valued at $289,000. Institutional investors own 8.17% of the company’s stock.

Shares of Telecom Argentina SA (NYSE:TEO) opened at $30.95 on Monday. The stock has a market capitalization of $6,092.14, a price-to-earnings ratio of 13.78, a PEG ratio of 0.93 and a beta of 1.19. Telecom Argentina SA has a 1-year low of $21.20 and a 1-year high of $40.19. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.35.

Telecom Argentina (NYSE:TEO) last posted its quarterly earnings results on Friday, December 1st. The utilities provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.08. Telecom Argentina had a net margin of 11.60% and a return on equity of 31.15%. The business had revenue of $969.14 million for the quarter. sell-side analysts expect that Telecom Argentina SA will post 2.3 EPS for the current fiscal year.

The business also recently declared a None dividend, which was paid on Thursday, February 22nd. Stockholders of record on Wednesday, February 14th were paid a $1.559 dividend. The ex-dividend date was Tuesday, February 13th. This is an increase from Telecom Argentina’s previous None dividend of $1.22. This represents a dividend yield of 0.0409508799579722%. Telecom Argentina’s dividend payout ratio is 115.79%.

A number of analysts have recently issued reports on the company. HSBC lowered Telecom Argentina from a “hold” rating to a “reduce” rating in a report on Thursday, February 22nd. Zacks Investment Research upgraded Telecom Argentina from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Saturday, February 3rd. Finally, Citigroup assumed coverage on Telecom Argentina in a report on Monday, January 8th. They issued a “buy” rating and a $46.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Telecom Argentina currently has a consensus rating of “Buy” and an average price target of $36.75.

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Telecom Argentina Company Profile

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).

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

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