Telecom Argentina S.A. (NYSE:TEO) Shares Acquired by Jump Financial LLC

Jump Financial LLC raised its stake in shares of Telecom Argentina S.A. (NYSE:TEO) by 209.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,816 shares of the utilities provider’s stock after buying an additional 28,964 shares during the period. Jump Financial LLC’s holdings in Telecom Argentina were worth $306,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RWC Asset Advisors US LLC bought a new position in shares of Telecom Argentina in the fourth quarter valued at approximately $2,212,000. RWC Asset Management LLP bought a new position in Telecom Argentina during the 4th quarter valued at $2,657,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Telecom Argentina by 44.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 457,898 shares of the utilities provider’s stock valued at $3,274,000 after purchasing an additional 140,362 shares during the period. Finally, Oaktree Capital Management LP raised its stake in shares of Telecom Argentina by 20.2% in the 3rd quarter. Oaktree Capital Management LP now owns 2,444,156 shares of the utilities provider’s stock worth $11,708,000 after buying an additional 410,415 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Telecom Argentina from a “hold” rating to a “sell” rating in a research note on Saturday, May 11th.

Telecom Argentina Stock Down 0.1 %

NYSE TEO opened at $8.23 on Friday. The company has a market capitalization of $3.54 billion, a P/E ratio of 205.75 and a beta of 0.88. Telecom Argentina S.A. has a 12 month low of $4.50 and a 12 month high of $9.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.50 and a quick ratio of 0.47. The company’s 50 day simple moving average is $8.15 and its 200 day simple moving average is $7.59.

Telecom Argentina (NYSE:TEO) last posted its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter. Telecom Argentina had a return on equity of 0.30% and a net margin of 0.42%. The company had revenue of $820.02 million for the quarter. Equities research analysts expect that Telecom Argentina S.A. will post 1.31 earnings per share for the current fiscal year.

Telecom Argentina Profile

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.