UBS Group AG Acquires 60,033 Shares of Telecom Argentina Stet – France Telecom S.A. $TEO

UBS Group AG raised its holdings in Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) by 25.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 293,659 shares of the utilities provider’s stock after purchasing an additional 60,033 shares during the quarter. UBS Group AG’s holdings in Telecom Argentina Stet – France Telecom were worth $3,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TEO. Acadian Asset Management LLC bought a new stake in Telecom Argentina Stet – France Telecom in the first quarter valued at approximately $379,000. Arrowstreet Capital Limited Partnership raised its stake in Telecom Argentina Stet – France Telecom by 321.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock valued at $925,000 after buying an additional 79,893 shares during the period. Marshall Wace LLP bought a new stake in Telecom Argentina Stet – France Telecom in the second quarter valued at approximately $346,000. Jump Financial LLC bought a new stake in Telecom Argentina Stet – France Telecom in the second quarter valued at approximately $596,000. Finally, Jane Street Group LLC bought a new stake in Telecom Argentina Stet – France Telecom in the second quarter valued at approximately $578,000.

Analysts Set New Price Targets

Several analysts have issued reports on TEO shares. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. Scotiabank lowered Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and increased their target price for the stock from $8.20 to $8.60 in a research note on Friday, March 27th. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. upgraded 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 research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Telecom Argentina Stet – France Telecom presently has a consensus rating of “Hold” and an average price target of $13.87.

Telecom Argentina Stet – France Telecom Price Performance

Shares of NYSE TEO opened at $11.82 on Monday. The firm has a market cap of $5.09 billion, a P/E ratio of 23.18 and a beta of 1.26. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.51. Telecom Argentina Stet – France Telecom S.A. has a 1-year low of $6.43 and a 1-year high of $13.81. The business’s 50 day moving average is $11.70 and its 200-day moving average is $11.82.

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 company had revenue of $1.35 billion for the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%. Equities research analysts predict that Telecom Argentina Stet – France Telecom S.A. will post 0.85 earnings per share for the current year.

About Telecom Argentina Stet – France Telecom

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.