Telecom Argentina Stet – France Telecom (NYSE:TEO) Director Alejandro Alberto Urricelqui Acquires 38,890 Shares

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Director Alejandro Alberto Urricelqui bought 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average price of $13.43 per share, for a total transaction of $522,292.70. Following the completion of the acquisition, the director owned 399,348 shares in the company, valued at $5,363,243.64. This represents a 10.79% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Telecom Argentina Stet – France Telecom Trading Up 0.1%

NYSE:TEO traded up $0.01 on Thursday, reaching $13.26. The stock had a trading volume of 344,739 shares, compared to its average volume of 339,359. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 26.01 and a beta of 1.32. Telecom Argentina Stet – France Telecom S.A. has a 12-month low of $6.43 and a 12-month high of $15.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.56. The firm’s fifty day moving average is $12.04 and its two-hundred day moving average is $11.88.

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

Institutional Trading of Telecom Argentina Stet – France Telecom

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SPX Gestao de Recursos Ltda acquired a new stake in Telecom Argentina Stet – France Telecom in the first quarter valued at approximately $8,565,000. Sagil Capital LLP acquired a new stake in Telecom Argentina Stet – France Telecom in the fourth quarter valued at approximately $7,629,000. Banco BTG Pactual S.A. acquired a new stake in Telecom Argentina Stet – France Telecom in the third quarter valued at approximately $2,725,000. RWC Asset Management LLP grew its position in Telecom Argentina Stet – France Telecom by 50.7% in the fourth quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock valued at $11,717,000 after acquiring an additional 339,416 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Telecom Argentina Stet – France Telecom in the fourth quarter valued at approximately $1,969,000.

Wall Street Analyst Weigh In

TEO has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $12.00 to $16.00 in a report on Wednesday, April 29th. Weiss Ratings upgraded shares of Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Scotiabank increased their price objective on shares of Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the stock a “sector underperform” rating in a report on Wednesday, May 27th. Finally, Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.07.

About Telecom Argentina Stet – France Telecom

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.