Alejandro Alberto Urricelqui Buys 38,890 Shares of Telecom Argentina Stet – France Telecom (NYSE:TEO) Stock

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Director Alejandro Alberto Urricelqui purchased 38,890 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average cost of $13.43 per share, with a total value of $522,292.70. Following the transaction, the director directly owned 399,348 shares of the company’s stock, valued at $5,363,243.64. The trade was a 10.79% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Telecom Argentina Stet – France Telecom Trading Up 0.0%

NYSE:TEO opened at $13.24 on Friday. The business’s 50-day moving average is $12.10 and its two-hundred day moving average is $11.89. The firm has a market capitalization of $5.70 billion, a PE ratio of 25.95 and a beta of 1.32. Telecom Argentina Stet – France Telecom S.A. has a 12 month low of $6.43 and a 12 month high of $15.25. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.58 and a quick ratio of 0.56.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share for the quarter. The business had revenue of $1.35 billion during the quarter. Telecom Argentina Stet – France Telecom had a net margin of 3.33% and a return on equity of 4.05%. Research analysts predict that Telecom Argentina Stet – France Telecom S.A. will post 1.41 earnings per share for the current fiscal year.

Institutional Trading of Telecom Argentina Stet – France Telecom

A number of large investors have recently modified their holdings of TEO. Van ECK Associates Corp acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter worth about $43,000. EFG International AG acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the 4th quarter worth about $58,000. Qube Research & Technologies Ltd acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the 3rd quarter worth about $98,000. Engineers Gate Manager LP acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the 2nd quarter worth about $110,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the 4th quarter worth about $171,000.

Analysts Set New Price Targets

TEO has been the topic of a number of research analyst reports. Weiss Ratings upgraded shares of Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. upgraded shares of Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $12.00 to $16.00 in a research note on Wednesday, April 29th. Scotiabank increased their target price on shares of 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. Finally, Zacks Research raised shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.07.

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.