Banco BTG Pactual S.A. trimmed its stake in Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO – Free Report) by 12.6% in the 4th quarter, HoldingsChannel reports. The firm owned 327,501 shares of the utilities provider’s stock after selling 47,304 shares during the period. Banco BTG Pactual S.A.’s holdings in Telecom Argentina Stet – France Telecom were worth $3,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of TEO. Van ECK Associates Corp purchased a new stake in Telecom Argentina Stet – France Telecom in the 3rd quarter worth $43,000. Qube Research & Technologies Ltd purchased a new stake in Telecom Argentina Stet – France Telecom in the 3rd quarter worth $98,000. Engineers Gate Manager LP purchased a new stake in Telecom Argentina Stet – France Telecom in the 2nd quarter worth $110,000. Bank of America Corp DE increased its stake in Telecom Argentina Stet – France Telecom by 21.3% in the 2nd quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider’s stock worth $237,000 after buying an additional 4,714 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Telecom Argentina Stet – France Telecom in the 2nd quarter worth $346,000.
Insider Activity at Telecom Argentina Stet – France Telecom
In related news, Director Alejandro Alberto Urricelqui acquired 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, with a total value of $522,292.70. Following the acquisition, 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 purchase was disclosed in a filing with the SEC, which is available through this link. 1.00% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock Report on Telecom Argentina Stet – France Telecom
Telecom Argentina Stet – France Telecom Trading Up 12.2%
Shares of TEO stock opened at $15.97 on Friday. The stock has a fifty day simple moving average of $12.34 and a two-hundred day simple moving average of $11.94. Telecom Argentina Stet – France Telecom S.A. has a 52-week low of $6.43 and a 52-week high of $16.25. The firm has a market capitalization of $6.88 billion, a PE ratio of 31.30 and a beta of 1.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.58.
Telecom Argentina Stet – France Telecom (NYSE:TEO – Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.35 billion during the quarter. On average, analysts predict that Telecom Argentina Stet – France Telecom S.A. will post 1.41 EPS for the current fiscal year.
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.
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