Quinn Opportunity Partners LLC cut its position in Telecom Argentina SA (NYSE:TEO) by 5.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,600 shares of the utilities provider’s stock after selling 7,872 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Telecom Argentina were worth $1,819,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Jane Street Group LLC purchased a new stake in shares of Telecom Argentina during the third quarter worth about $270,000. Squarepoint Ops LLC bought a new stake in Telecom Argentina during the 4th quarter worth about $341,000. Legal & General Group Plc bought a new stake in Telecom Argentina during the 3rd quarter worth about $452,000. Wells Fargo & Company MN lifted its position in Telecom Argentina by 52.8% during the 3rd quarter. Wells Fargo & Company MN now owns 36,813 shares of the utilities provider’s stock worth $641,000 after buying an additional 12,717 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in Telecom Argentina by 11.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 41,609 shares of the utilities provider’s stock worth $607,000 after buying an additional 4,403 shares in the last quarter. Institutional investors and hedge funds own 6.91% of the company’s stock.
TEO has been the topic of a number of research analyst reports. ValuEngine cut shares of Telecom Argentina from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Telecom Argentina from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Telecom Argentina has a consensus rating of “Hold”.
TEO traded up $0.28 on Thursday, reaching $15.00. The company had a trading volume of 1,599 shares, compared to its average volume of 266,051. Telecom Argentina SA has a fifty-two week low of $12.34 and a fifty-two week high of $23.90. The firm has a market cap of $2.79 billion, a P/E ratio of 43.06, a price-to-earnings-growth ratio of 3.37 and a beta of 0.78. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.67 and a current ratio of 0.73.
Telecom Argentina (NYSE:TEO) last announced its quarterly earnings results on Friday, March 8th. The utilities provider reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.96. Telecom Argentina had a negative net margin of 2.24% and a negative return on equity of 2.10%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.08 billion. As a group, equities analysts forecast that Telecom Argentina SA will post 0.77 earnings per share for the current year.
The business also recently declared an annual dividend, which was paid on Tuesday, May 14th. Investors of record on Monday, May 6th were paid a $0.3449 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a yield of 2.59%. This is a positive change from Telecom Argentina’s previous annual dividend of $0.25. Telecom Argentina’s dividend payout ratio is 97.06%.
About Telecom Argentina
Telecom Argentina SA, together with its subsidiaries, provides telecommunications services in Argentina and internationally. The company offers telephone services, including local, domestic, and international long-distance telephone services, as well as public telephone services; interconnection services, such as access, termination, and long-distance transport of calls; information and communication technology services comprising datacenter services, and telecommunications consulting and value-added solutions; and call waiting, call forwarding, conference calls, caller ID, voice mail, itemized billing, and maintenance services, as well as sells equipment.
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