Telecom Argentina Stet – France Telecom S.A. $TEO Stock Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its holdings in Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) by 52.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 292,260 shares of the utilities provider’s stock after purchasing an additional 100,119 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Telecom Argentina Stet – France Telecom were worth $3,586,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. XP Advisory US Inc. bought a new position in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter worth approximately $82,000. CenterBook Partners LP grew its position in shares of Telecom Argentina Stet – France Telecom by 87.4% during the 3rd quarter. CenterBook Partners LP now owns 78,034 shares of the utilities provider’s stock worth $957,000 after buying an additional 36,387 shares during the period. Absolute Gestao de Investimentos Ltda. bought a new stake in shares of Telecom Argentina Stet – France Telecom in the 1st quarter valued at $1,015,000. Engineers Gate Manager LP increased its stake in shares of Telecom Argentina Stet – France Telecom by 105.6% in the 2nd quarter. Engineers Gate Manager LP now owns 86,936 shares of the utilities provider’s stock valued at $1,130,000 after acquiring an additional 44,647 shares in the last quarter. Finally, ABS Direct Equity Fund LLC bought a new stake in shares of Telecom Argentina Stet – France Telecom in the 2nd quarter valued at $3,033,000.

Telecom Argentina Stet – France Telecom Stock Up 0.5%

NYSE TEO traded up $0.05 during mid-day trading on Friday, hitting $10.58. The company’s stock had a trading volume of 311,781 shares, compared to its average volume of 390,248. The company’s 50 day simple moving average is $12.24 and its 200 day simple moving average is $12.51. Telecom Argentina Stet – France Telecom S.A. has a twelve month low of $9.75 and a twelve month high of $16.34. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 8.60 and a beta of 1.41.

Insider Buying and Selling at Telecom Argentina Stet – France Telecom

In other Telecom Argentina Stet – France Telecom news, Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $2.78, for a total value of $524,030.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, September 4th. Santander initiated coverage on shares of Telecom Argentina Stet – France Telecom in a report on Friday, October 16th. They issued an “outperform” rating for the company. Weiss Ratings downgraded shares of Telecom Argentina Stet – France Telecom from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 30th. UBS Group decreased their price target on shares of Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating for the company in a research note on Wednesday, August 12th. Finally, Wall Street Zen lowered shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a report on Sunday, September 20th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.93.

About Telecom Argentina Stet – France Telecom

Telecom Argentina S.A. is a telecommunications and digital services provider based in Argentina. Its offerings include mobile and fixed-line phone service, broadband internet, pay television and digital entertainment, serving residential and business customers. The company markets mobile and internet services under the Personal brand and offers television and streaming services through Flow. It also provides connectivity and technology solutions to business and wholesale customers. Telecom Argentina was established in 1990 as part of the privatization of Argentina’s state-owned telephone system.