Telecom Argentina Stet – France Telecom (NYSE:TEO) Director Buys $522,292.70 in Stock

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Director Alejandro Alberto Urricelqui purchased 38,890 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average cost of $13.43 per share, for a total transaction of $522,292.70. Following the completion of the purchase, the director owned 399,348 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is available at this hyperlink.

Telecom Argentina Stet – France Telecom Price Performance

Shares of NYSE:TEO traded up $0.01 on Thursday, reaching $13.26. 344,739 shares of the company were exchanged, compared to its average volume of 339,359. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.51. Telecom Argentina Stet – France Telecom S.A. has a 1-year low of $6.43 and a 1-year high of $15.25. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 26.01 and a beta of 1.32. The company has a 50-day moving average of $12.04 and a 200-day moving average of $11.88.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share for the quarter. Telecom Argentina Stet – France Telecom had a net margin of 3.33% and a return on equity of 4.05%. The business had revenue of $1.35 billion for the quarter. Equities analysts forecast that Telecom Argentina Stet – France Telecom S.A. will post 1.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

TEO has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $12.00 to $16.00 in a research note on Wednesday, April 29th. Scotiabank increased their price objective 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 note on Wednesday, May 27th. Weiss Ratings raised shares of Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. Finally, Zacks Research raised shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EFG International AG purchased a new position in Telecom Argentina Stet – France Telecom in the 4th quarter valued at about $58,000. Van ECK Associates Corp purchased a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at about $43,000. Engineers Gate Manager LP purchased a new position in Telecom Argentina Stet – France Telecom in the 2nd quarter valued at about $110,000. Qube Research & Technologies Ltd purchased a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter valued at about $98,000. Finally, Hsbc Holdings PLC purchased a new position in Telecom Argentina Stet – France Telecom in the 4th quarter valued at about $171,000.

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.