Fourth Sail Capital LP Lowers Position in Telecom Argentina Stet – France Telecom S.A. $TEO

Fourth Sail Capital LP cut its holdings in shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) by 72.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 453,402 shares of the utilities provider’s stock after selling 1,178,820 shares during the quarter. Telecom Argentina Stet – France Telecom accounts for about 0.8% of Fourth Sail Capital LP’s investment portfolio, making the stock its 29th largest holding. Fourth Sail Capital LP’s holdings in Telecom Argentina Stet – France Telecom were worth $5,264,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TEO. Acadian Asset Management LLC purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 1st quarter worth $379,000. Arrowstreet Capital Limited Partnership boosted its holdings in Telecom Argentina Stet – France Telecom by 321.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock valued at $925,000 after acquiring an additional 79,893 shares during the period. Marshall Wace LLP purchased a new position in Telecom Argentina Stet – France Telecom during the 2nd quarter valued at about $346,000. Jump Financial LLC purchased a new position in Telecom Argentina Stet – France Telecom during the 2nd quarter valued at about $596,000. Finally, Jane Street Group LLC purchased a new position in Telecom Argentina Stet – France Telecom during the 2nd quarter valued at about $578,000.

Telecom Argentina Stet – France Telecom Price Performance

TEO stock opened at $15.24 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 $6.56 billion, a P/E ratio of 29.88 and a beta of 1.32. The business’s 50-day moving average is $12.41 and its two-hundred day moving average is $11.96. Telecom Argentina Stet – France Telecom S.A. has a 1 year low of $6.43 and a 1 year high of $16.34.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last posted its quarterly earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $1.35 billion for the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%. Analysts anticipate that Telecom Argentina Stet – France Telecom S.A. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. raised their target price on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Finally, Scotiabank raised their target price on Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a report on Wednesday, May 27th. One 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $15.07.

Insider Transactions at Telecom Argentina Stet – France Telecom

In related news, Director Alejandro Alberto Urricelqui purchased 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction on Tuesday, June 2nd. The shares were bought at an average price of $13.43 per share, with a total value of $522,292.70. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate 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.