Deltec Asset Management LLC boosted its stake in shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) by 72.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,000 shares of the utilities provider’s stock after buying an additional 23,100 shares during the period. Deltec Asset Management LLC’s holdings in Telecom Argentina Stet – France Telecom were worth $1,394,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in Telecom Argentina Stet – France Telecom during the fourth quarter valued at about $545,000. Guggenheim Capital LLC purchased a new stake in Telecom Argentina Stet – France Telecom during the fourth quarter valued at about $2,144,000. Soros Fund Management LLC bought a new stake in Telecom Argentina Stet – France Telecom during the first quarter worth about $5,180,000. First Trust Advisors LP bought a new stake in Telecom Argentina Stet – France Telecom during the first quarter worth about $1,668,000. Finally, LSV Asset Management increased its stake in Telecom Argentina Stet – France Telecom by 26.0% in the first quarter. LSV Asset Management now owns 15,500 shares of the utilities provider’s stock worth $343,000 after buying an additional 3,200 shares in the last quarter. 5.93% of the stock is currently owned by hedge funds and other institutional investors.

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) opened at 27.88 on Monday. The company’s 50-day moving average price is $26.75 and its 200-day moving average price is $23.79. The company has a market cap of $5.40 billion, a PE ratio of 18.59 and a beta of 1.42. Telecom Argentina Stet – France Telecom S.A. has a 12-month low of $17.04 and a 12-month high of $29.89.

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TEO has been the topic of a number of recent research reports. TheStreet raised Telecom Argentina Stet – France Telecom from a “c+” rating to an “a” rating in a research report on Monday, June 12th. BidaskClub raised Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Bank of America Corporation raised Telecom Argentina Stet – France Telecom from a “neutral” rating to a “buy” rating and lifted their target price for the company from $26.00 to $30.00 in a research report on Monday, July 3rd. ValuEngine raised Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, HSBC Holdings plc downgraded Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $25.67.

Telecom Argentina Stet – France Telecom 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).

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

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