CenterBook Partners LP Invests $1.10 Million in Telecom Argentina Stet – France Telecom S.A. $TEO

CenterBook Partners LP bought a new stake in shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 94,481 shares of the utilities provider’s stock, valued at approximately $1,097,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banco BTG Pactual S.A. bought a new stake in Telecom Argentina Stet – France Telecom in the third quarter worth $2,725,000. RWC Asset Management LLP lifted its position in Telecom Argentina Stet – France Telecom by 50.7% during 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 during the last quarter. Two Sigma Investments LP grew its stake in shares of Telecom Argentina Stet – France Telecom by 317.8% in the 3rd quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock worth $1,484,000 after buying an additional 155,299 shares in the last quarter. Monaco Asset Management SAM purchased a new position in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter worth $872,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Telecom Argentina Stet – France Telecom by 321.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock worth $925,000 after buying an additional 79,893 shares during the last quarter.

Insider Activity

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui bought 38,890 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was acquired at an average price of $13.43 per share, for a total transaction of $522,292.70. Following the completion of the transaction, the director directly owned 399,348 shares of the company’s stock, valued at approximately $5,363,243.64. This represents a 10.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

Telecom Argentina Stet – France Telecom Trading Up 1.0%

Shares of TEO opened at $14.16 on Thursday. The company’s fifty day simple moving average is $12.25 and its 200-day simple moving average is $11.91. The company has a market cap of $6.10 billion, a P/E ratio of 27.77 and a beta of 1.32. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.51. Telecom Argentina Stet – France Telecom S.A. has a twelve month low of $6.43 and a twelve month high of $15.25.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Zacks Research raised Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. JPMorgan Chase & Co. upped their price objective on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Scotiabank raised their price objective on 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 investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.07.

Telecom Argentina Stet – France Telecom 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.