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

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which is available at this hyperlink.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of NYSE TEO traded down $0.06 during midday trading on Wednesday, hitting $13.46. 110,584 shares of the stock traded hands, compared to its average volume of 225,125. The firm has a market capitalization of $5.80 billion, a P/E ratio of 10.94 and a beta of 1.36. Telecom Argentina Stet – France Telecom S.A. has a one year low of $6.43 and a one 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. The firm has a 50-day moving average of $13.40 and a two-hundred day moving average of $12.56.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TEO. Zacks Research downgraded Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. raised their price objective on shares of Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, June 9th. Weiss Ratings raised shares of Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. UBS Group cut their target price on shares of Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Finally, 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. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Telecom Argentina Stet – France Telecom currently has an average rating of “Hold” and a consensus price target of $15.43.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Large investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp purchased a new stake in shares of Telecom Argentina Stet – France Telecom in the third quarter worth $43,000. EFG International AG purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 4th quarter valued at $58,000. XP Advisory US Inc. purchased a new position in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter valued at $82,000. Qube Research & Technologies Ltd bought a new position in Telecom Argentina Stet – France Telecom in the 3rd quarter worth $98,000. Finally, Engineers Gate Manager LP bought a new position in Telecom Argentina Stet – France Telecom in the 2nd quarter worth $110,000.

Telecom Argentina Stet – France Telecom Company Profile

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.