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

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Director Alejandro Alberto Urricelqui bought 38,890 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average price of $13.43 per share, with a total value of $522,292.70. Following the completion of the transaction, the director directly owned 399,348 shares in the company, valued at approximately $5,363,243.64. This trade represents a 10.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Telecom Argentina Stet – France Telecom Price Performance

Telecom Argentina Stet – France Telecom stock opened at $13.26 on Friday. The firm has a market capitalization of $5.71 billion, a P/E ratio of 26.01 and a beta of 1.32. Telecom Argentina Stet – France Telecom S.A. has a 1 year low of $6.43 and a 1 year high of $15.25. The business has a 50-day moving average of $12.07 and a 200-day moving average of $11.88. 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 (NYSE:TEO) last posted its earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $1.35 billion during the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%. On average, equities analysts anticipate that Telecom Argentina Stet – France Telecom S.A. will post 1.41 EPS for the current year.

Hedge Funds Weigh In On Telecom Argentina Stet – France Telecom

Large investors have recently bought and sold shares of the company. Van ECK Associates Corp acquired a new position in Telecom Argentina Stet – France Telecom during the 3rd quarter worth approximately $43,000. EFG International AG acquired a new position in Telecom Argentina Stet – France Telecom during the 4th quarter worth approximately $58,000. Qube Research & Technologies Ltd bought a new stake in shares of Telecom Argentina Stet – France Telecom during the 3rd quarter worth approximately $98,000. Engineers Gate Manager LP bought a new stake in shares of Telecom Argentina Stet – France Telecom during the 2nd quarter worth approximately $110,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Telecom Argentina Stet – France Telecom during the 4th quarter worth approximately $171,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Scotiabank boosted their target price on Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the stock a “sector underperform” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. upgraded Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $12.00 to $16.00 in a research report on Wednesday, April 29th. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Finally, Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.07.

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.