Deltec Asset Management LLC reduced its stake in shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) by 13.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,500 shares of the utilities provider’s stock after selling 7,500 shares during the quarter. Deltec Asset Management LLC’s holdings in Telecom Argentina Stet – France Telecom were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of TEO. William Blair Investment Management LLC purchased a new position in shares of Telecom Argentina Stet – France Telecom during the second quarter valued at approximately $1,499,000. Virtu KCG Holdings LLC acquired a new stake in Telecom Argentina Stet – France Telecom during the 2nd quarter valued at $372,000. Freestone Capital Holdings LLC grew its holdings in Telecom Argentina Stet – France Telecom by 66.2% during the 2nd quarter. Freestone Capital Holdings LLC now owns 317,654 shares of the utilities provider’s stock valued at $8,049,000 after purchasing an additional 126,578 shares in the last quarter. Parkwood LLC acquired a new stake in Telecom Argentina Stet – France Telecom during the 2nd quarter valued at $557,000. Finally, Alliancebernstein L.P. grew its holdings in Telecom Argentina Stet – France Telecom by 3.1% during the 2nd quarter. Alliancebernstein L.P. now owns 555,270 shares of the utilities provider’s stock worth $14,071,000 after acquiring an additional 16,750 shares in the last quarter. Institutional investors own 5.38% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 11th. ValuEngine upgraded shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Finally, Morgan Stanley downgraded shares of Telecom Argentina Stet – France Telecom from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $25.00 to $28.00 in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $29.67.

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Telecom Argentina Stet – France Telecom 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 Stet - France Telecom (NYSE:TEO)

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