Key Points
- Director Alejandro Alberto Urricelqui bought 38,890 shares of Telecom Argentina Stet - France Telecom (NYSE:TEO) on June 2 at an average price of $13.43, spending about $522,293.
- Following the purchase, Urricelqui’s holdings increased to 399,348 shares, a 10.79% increase in his ownership stake.
- The stock was modestly higher and has also drawn mixed analyst attention, with a consensus rating of Hold and an average price target of $14.07.
Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) Director Alejandro Alberto Urricelqui acquired 38,890 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average price of $13.43 per share, for a total transaction of $522,292.70. Following the purchase, the director owned 399,348 shares in the company, 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 SEC, which is available at the SEC website.
Telecom Argentina Stet - France Telecom Stock Up 0.1%
TEO opened at $13.26 on Friday. Telecom Argentina Stet - France Telecom S.A. has a 1-year low of $6.43 and a 1-year high of $15.25. The stock's fifty day simple moving average is $12.07 and its 200 day simple moving average is $11.88. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.51. The stock has a market cap of $5.71 billion, a PE ratio of 26.01 and a beta of 1.32.
Telecom Argentina Stet - France Telecom (NYSE:TEO - Get Free Report) last issued 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 return on equity of 4.05% and a net margin of 3.33%.The firm had revenue of $1.35 billion for the quarter. As a group, research analysts expect that Telecom Argentina Stet - France Telecom S.A. will post 1.41 earnings per share for the current year.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. JPMorgan Chase & Co. raised Telecom Argentina Stet - France Telecom from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $12.00 to $16.00 in a report on Wednesday, April 29th. Scotiabank increased their target price on Telecom Argentina Stet - France Telecom from $8.60 to $9.20 and gave the stock a "sector underperform" rating in a report on Wednesday, May 27th. Weiss Ratings raised Telecom Argentina Stet - France Telecom from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, May 22nd. Finally, Zacks Research raised Telecom Argentina Stet - France Telecom from a "hold" rating to a "strong-buy" rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, Telecom Argentina Stet - France Telecom has an average rating of "Hold" and a consensus price target of $14.07.
Read Our Latest Analysis on Telecom Argentina Stet - France Telecom
Institutional Trading of Telecom Argentina Stet - France Telecom
Several large investors have recently bought and sold shares of TEO. SPX Gestao de Recursos Ltda acquired a new stake in Telecom Argentina Stet - France Telecom in the first quarter valued at about $8,565,000. Sagil Capital LLP acquired a new stake in Telecom Argentina Stet - France Telecom in the fourth quarter valued at about $7,629,000. Banco BTG Pactual S.A. acquired a new stake in Telecom Argentina Stet - France Telecom in the third quarter valued at about $2,725,000. RWC Asset Management LLP boosted its stake in Telecom Argentina Stet - France Telecom by 50.7% in 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 buying an additional 339,416 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Telecom Argentina Stet - France Telecom in the fourth quarter valued at about $1,969,000.
About Telecom Argentina Stet - France Telecom
(
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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