OxFORD Asset Management LLP trimmed its holdings in Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) by 74.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,348 shares of the utilities provider’s stock after selling 75,545 shares during the quarter. OxFORD Asset Management LLP’s holdings in Telecom Argentina Stet – France Telecom were worth $642,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TEO. Pictet Asset Management Ltd. purchased a new stake in Telecom Argentina Stet – France Telecom in the second quarter valued at $114,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Telecom Argentina Stet – France Telecom in the second quarter valued at $208,000. BTC Capital Management Inc. purchased a new stake in Telecom Argentina Stet – France Telecom in the second quarter valued at $224,000. Eqis Capital Management Inc. purchased a new stake in Telecom Argentina Stet – France Telecom in the second quarter valued at $233,000. Finally, Virtu KCG Holdings LLC purchased a new stake in Telecom Argentina Stet – France Telecom in the second quarter valued at $372,000. 5.22% of the stock is currently owned by institutional investors.

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Telecom Argentina Stet – France Telecom S.A. (NYSE TEO) opened at 31.45 on Wednesday. Telecom Argentina Stet – France Telecom S.A. has a 12 month low of $17.04 and a 12 month high of $32.12. The firm has a 50 day moving average of $30.92 and a 200-day moving average of $27.01. The firm has a market cap of $6.10 billion, a P/E ratio of 17.97 and a beta of 1.47.

TEO has been the topic of several recent research reports. BidaskClub raised shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a report on Saturday, August 19th. Bank of America Corporation upgraded shares of Telecom Argentina Stet – France Telecom from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $30.00 in a research report on Monday, July 3rd. Morgan Stanley downgraded shares of Telecom Argentina Stet – France Telecom from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $25.00 to $28.00 in a research report on Thursday, August 10th. HSBC Holdings plc downgraded shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Finally, Zacks Investment Research downgraded shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Telecom Argentina Stet – France Telecom has an average rating of “Buy” and an average price target of $29.67.

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).

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

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