Telecom Argentina Stet – France Telecom (NYSE:TEO) Insider Purchases $18,690.00 in Stock

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) insider Martin Andres Heine bought 7,000 shares of Telecom Argentina Stet – France Telecom stock in a transaction dated Friday, October 9th. The stock was acquired at an average cost of $2.67 per share, for a total transaction of $18,690.00. Following the completion of the acquisition, the insider directly owned 41,500 shares in the company, valued at $110,805. This represents a 20.29% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Telecom Argentina Stet – France Telecom Price Performance

NYSE TEO traded down $0.03 during trading hours on Friday, reaching $12.46. 222,105 shares of the company’s stock were exchanged, compared to its average volume of 279,346. The firm has a fifty day moving average of $13.10 and a 200-day moving average of $12.94. Telecom Argentina Stet – France Telecom S.A. has a one year low of $7.07 and a one year high of $16.34. The stock has a market cap of $5.37 billion, a PE ratio of 10.13 and a beta of 1.35. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TEO. Zacks Research lowered Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen downgraded shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research report on Sunday, September 20th. Santander assumed coverage on shares of Telecom Argentina Stet – France Telecom in a research report on Friday. They set an “outperform” rating on the stock. JPMorgan Chase & Co. increased their price objective on shares of Telecom Argentina Stet – France Telecom from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, September 4th. Finally, Morgan Stanley upgraded shares of Telecom Argentina Stet – France Telecom from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $13.00 to $17.00 in a research report on Wednesday, June 24th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.93.

Institutional Trading of Telecom Argentina Stet – France Telecom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XP Advisory US Inc. acquired a new position in Telecom Argentina Stet – France Telecom during the 2nd quarter valued at about $82,000. Y Intercept Hong Kong Ltd grew its position in shares of Telecom Argentina Stet – France Telecom by 8.3% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 21,330 shares of the utilities provider’s stock worth $249,000 after buying an additional 1,628 shares during the period. Pictet Asset Management Holding SA acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the 1st quarter worth approximately $561,000. Verde Servicos Internacionais S.A. acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the 1st quarter worth approximately $701,000. Finally, Absolute Gestao de Investimentos Ltda. bought a new stake in shares of Telecom Argentina Stet – France Telecom during the first quarter worth approximately $1,015,000.

Telecom Argentina Stet – France Telecom Company Profile

Telecom Argentina SA, formerly known as Telecom Argentina Stet-France Telecom SA, is an Argentine telecommunications company that provides connectivity and communications services to consumers, businesses and government organizations. Its operations include fixed-line and mobile voice services, broadband internet, data transmission, digital communications and information technology solutions.

The company markets consumer services under brands including Personal, which provides mobile and broadband services, and Flow, its entertainment and pay-TV platform.