Banco BTG Pactual S.A. Sells 47,304 Shares of Telecom Argentina Stet – France Telecom S.A. $TEO

Banco BTG Pactual S.A. cut its holdings in Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 327,501 shares of the utilities provider’s stock after selling 47,304 shares during the quarter. Banco BTG Pactual S.A. owned 0.08% of Telecom Argentina Stet – France Telecom worth $3,802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TEO. Monaco Asset Management SAM purchased a new stake in Telecom Argentina Stet – France Telecom during the 3rd quarter valued at $872,000. RWC Asset Management LLP raised its stake in Telecom Argentina Stet – France Telecom by 50.7% during the 4th quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock valued at $11,717,000 after buying an additional 339,416 shares during the last quarter. UBS Group AG raised its stake in Telecom Argentina Stet – France Telecom by 25.7% during the 4th quarter. UBS Group AG now owns 293,659 shares of the utilities provider’s stock valued at $3,409,000 after buying an additional 60,033 shares during the last quarter. CenterBook Partners LP purchased a new stake in Telecom Argentina Stet – France Telecom during the 4th quarter valued at $1,097,000. Finally, Jane Street Group LLC purchased a new stake in Telecom Argentina Stet – France Telecom during the 2nd quarter valued at $578,000.

Telecom Argentina Stet – France Telecom Trading Up 12.2%

NYSE:TEO opened at $15.97 on Friday. 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 has a market capitalization of $6.88 billion, a price-to-earnings ratio of 31.30 and a beta of 1.32. Telecom Argentina Stet – France Telecom S.A. has a one year low of $6.43 and a one year high of $16.25. The business has a fifty day moving average price of $12.34 and a 200-day moving average price of $11.94.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. The firm had revenue of $1.35 billion during the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%. Sell-side analysts forecast that Telecom Argentina Stet – France Telecom S.A. will post 1.41 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TEO shares. Weiss Ratings upgraded shares of Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. JPMorgan Chase & Co. boosted their target price on shares of Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a research note on Tuesday. Zacks Research upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Finally, Scotiabank boosted their target price on shares of Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Telecom Argentina Stet – France Telecom currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.07.

Insider Activity at Telecom Argentina Stet – France Telecom

In related news, Director Alejandro Alberto Urricelqui acquired 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average cost of $13.43 per share, for a total transaction of $522,292.70. Following the purchase, the director directly owned 399,348 shares of the company’s stock, valued at approximately $5,363,243.64. This trade represents a 10.79% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by company insiders.

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.