Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock: Insider Martin Andres Heine Buys 7,000 Shares

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) insider Martin Andres Heine purchased 7,000 shares of the stock in a transaction on Friday, October 9th. The stock was acquired at an average cost of $2.67 per share, for a total transaction of $18,690.00. Following the completion of the acquisition, the insider owned 41,500 shares of the company’s stock, valued at $110,805. The trade was a 20.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Telecom Argentina Stet – France Telecom Price Performance

Shares of TEO opened at $12.52 on Friday. The business’s 50-day moving average is $13.13 and its two-hundred day moving average is $12.94. The company has a market capitalization of $5.39 billion, a P/E ratio of 10.17 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.58. Telecom Argentina Stet – France Telecom S.A. has a fifty-two week low of $7.07 and a fifty-two week high of $16.34.

Institutional Trading of Telecom Argentina Stet – France Telecom

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEO. Artemis Investment Management LLP purchased a new position in Telecom Argentina Stet – France Telecom in the third quarter valued at $11,422,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the 1st quarter worth about $8,565,000. ABS Direct Equity Fund LLC purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter worth about $3,033,000. Absolute Gestao de Investimentos Ltda. boosted its stake in shares of Telecom Argentina Stet – France Telecom by 156.7% during the 2nd quarter. Absolute Gestao de Investimentos Ltda. now owns 222,922 shares of the utilities provider’s stock worth $2,898,000 after acquiring an additional 136,091 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the 1st quarter valued at about $701,000.

Wall Street Analyst Weigh In

Several research firms recently commented on TEO. Weiss Ratings lowered Telecom Argentina Stet – France Telecom from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, October 2nd. JPMorgan Chase & Co. boosted their price target on Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, September 4th. Zacks Research downgraded Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Morgan Stanley upgraded Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $13.00 to $17.00 in a research report on Wednesday, June 24th. Finally, Wall Street Zen lowered Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.93.

Telecom Argentina Stet – France Telecom Company Profile

Telecom Argentina SA, formerly known as Telecom Argentina Stet-France Telecom SA, is an Argentine telecommunications company that provides connectivity and communications services to consumers, businesses and government organizations. Its operations include fixed-line and mobile voice services, broadband internet, data transmission, digital communications and information technology solutions.

The company markets consumer services under brands including Personal, which provides mobile and broadband services, and Flow, its entertainment and pay-TV platform.