Key Points
- Telecom Argentina director Baruki Luis Alberto Gonzalez sold 188,500 shares at an average price of $2.78, generating proceeds of approximately $524,030.
- TEO shares opened at $13.46, with a market capitalization of $5.80 billion and a 12-month trading range of $6.43 to $16.34.
- Analyst sentiment is mixed: three analysts rate the stock Buy, two Hold, and one Sell, resulting in a consensus Hold rating and an average price target of $15.43.
Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Get Free Report) Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $2.78, for a total value of $524,030.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Telecom Argentina Stet - France Telecom Trading Down 0.4%
Shares of Telecom Argentina Stet - France Telecom stock opened at $13.46 on Thursday. The stock has a market cap of $5.80 billion, a P/E ratio of 10.94 and a beta of 1.36. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.50. Telecom Argentina Stet - France Telecom S.A. has a 12-month low of $6.43 and a 12-month high of $16.34. The business's 50 day moving average is $13.40 and its 200-day moving average is $12.56.
Institutional Trading of Telecom Argentina Stet - France Telecom
A number of hedge funds have recently modified their holdings of TEO. Acadian Asset Management LLC bought a new stake in Telecom Argentina Stet - France Telecom in the 1st quarter valued at $379,000. Arrowstreet Capital Limited Partnership grew its position 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 worth $925,000 after acquiring an additional 79,893 shares during the last quarter. Marshall Wace LLP bought a new stake in Telecom Argentina Stet - France Telecom during the 2nd quarter worth approximately $346,000. Jump Financial LLC acquired a new stake in shares of Telecom Argentina Stet - France Telecom in the second quarter valued at about $596,000. Finally, Jane Street Group LLC acquired a new stake in Telecom Argentina Stet - France Telecom during the second quarter worth approximately $578,000.
Wall Street Analysts Forecast Growth
TEO has been the subject of a number of recent analyst reports. Zacks Research cut shares of Telecom Argentina Stet - France Telecom from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. UBS Group lowered their price objective on shares of Telecom Argentina Stet - France Telecom from $18.00 to $16.50 and set a "buy" rating on the stock in a research note on Wednesday, August 12th. Morgan Stanley raised shares of Telecom Argentina Stet - France Telecom from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $13.00 to $17.00 in a report on Wednesday, June 24th. Scotiabank raised their target price on shares of Telecom Argentina Stet - France Telecom from $8.60 to $9.20 and gave the company a "sector underperform" rating in a research note on Wednesday, May 27th. Finally, Wall Street Zen downgraded Telecom Argentina Stet - France Telecom from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $15.43.
Check Out Our Latest Analysis on TEO
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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