Telecom Argentina Stet – France Telecom (NYSE:TEO) Director Baruki Luis Alberto Gonzalez Sells 188,500 Shares

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $2.78, for a total value of $524,030.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Telecom Argentina Stet – France Telecom Trading Down 0.4%

NYSE:TEO opened at $13.46 on Thursday. Telecom Argentina Stet – France Telecom S.A. has a fifty-two week low of $6.43 and a fifty-two week high of $16.34. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.58 and a quick ratio of 0.55. The stock has a market capitalization of $5.80 billion, a PE ratio of 10.94 and a beta of 1.36. The business’s 50-day simple moving average is $13.40 and its 200-day simple moving average is $12.56.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Several hedge funds have recently made changes to their positions in TEO. Sagil Capital LLP acquired a new position in Telecom Argentina Stet – France Telecom during the fourth quarter worth $7,629,000. 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 purchasing an additional 339,416 shares in the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in Telecom Argentina Stet – France Telecom in the 1st quarter valued at $701,000. SPX Gestao de Recursos Ltda acquired a new stake in Telecom Argentina Stet – France Telecom in the 1st quarter valued at $8,565,000. Finally, Absolute Gestao de Investimentos Ltda. bought a new stake in Telecom Argentina Stet – France Telecom during the 1st quarter worth about $1,015,000.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. UBS Group cut their price objective on shares of Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Morgan Stanley raised shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $13.00 to $17.00 in a research note on Wednesday, June 24th. Scotiabank increased their target price on 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 cut Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Telecom Argentina Stet – France Telecom currently has an average rating of “Hold” and an average price target of $15.43.

Telecom Argentina Stet – France Telecom Company Profile

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.