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

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO – Get Free Report) Director Baruki Luis Alberto Gonzalez sold 188,500 shares of Telecom Argentina Stet – France Telecom stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $2.78, for a total transaction of $524,030.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Telecom Argentina Stet – France Telecom Price Performance

Telecom Argentina Stet – France Telecom stock opened at $13.03 on Friday. The company’s 50 day simple moving average is $13.39 and its 200-day simple moving average is $12.56. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 10.59 and a beta of 1.36. Telecom Argentina Stet – France Telecom S.A. has a 1 year low of $6.43 and a 1 year high of $16.34. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.55 and a current ratio of 0.58.

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Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Several large investors have recently added to or reduced their stakes in TEO. EFG International AG purchased a new position in Telecom Argentina Stet – France Telecom in the 4th quarter valued at approximately $58,000. Van ECK Associates Corp purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the third quarter worth $43,000. XP Advisory US Inc. purchased a new stake in shares of Telecom Argentina Stet – France Telecom during the second quarter worth $82,000. Engineers Gate Manager LP acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the second quarter valued at $110,000. Finally, Qube Research & Technologies Ltd acquired a new position in Telecom Argentina Stet – France Telecom during the 3rd quarter worth $98,000.

Analyst Ratings Changes

TEO has been the topic of a number of research reports. Wall Street Zen cut Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Morgan Stanley raised Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $13.00 to $17.00 in a research note on Wednesday, June 24th. Zacks Research downgraded Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. JPMorgan Chase & Co. increased their target price on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 9th. 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. Three 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.43.

View Our Latest Analysis on Telecom Argentina Stet – France Telecom

Telecom Argentina Stet – France Telecom Company Profile

(Get Free Report)

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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