RWC Asset Management LLP Has $11.72 Million Stock Position in Telecom Argentina Stet – France Telecom S.A. $TEO

RWC Asset Management LLP boosted its holdings in shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) by 50.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,009,244 shares of the utilities provider’s stock after buying an additional 339,416 shares during the period. RWC Asset Management LLP’s holdings in Telecom Argentina Stet – France Telecom were worth $11,717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Banco BTG Pactual S.A. acquired a new position in Telecom Argentina Stet – France Telecom during the third quarter valued at $2,725,000. UBS Group AG increased its position in Telecom Argentina Stet – France Telecom by 25.7% in the 4th quarter. UBS Group AG now owns 293,659 shares of the utilities provider’s stock worth $3,409,000 after purchasing an additional 60,033 shares during the last quarter. Two Sigma Investments LP increased its position in Telecom Argentina Stet – France Telecom by 317.8% in the 3rd quarter. Two Sigma Investments LP now owns 204,172 shares of the utilities provider’s stock worth $1,484,000 after purchasing an additional 155,299 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Telecom Argentina Stet – France Telecom by 80.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 151,425 shares of the utilities provider’s stock worth $1,758,000 after purchasing an additional 67,459 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Telecom Argentina Stet – France Telecom by 34.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 149,672 shares of the utilities provider’s stock worth $1,322,000 after purchasing an additional 38,107 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have weighed in on TEO. JPMorgan Chase & Co. raised Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $12.00 to $16.00 in a research report on Wednesday, April 29th. Zacks Research raised Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. Scotiabank upped 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. Finally, Weiss Ratings raised Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Telecom Argentina Stet – France Telecom presently has an average rating of “Moderate Buy” and an average price target of $14.07.

Telecom Argentina Stet – France Telecom Stock Performance

Shares of NYSE TEO opened at $13.24 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.58. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 25.95 and a beta of 1.32. The business’s 50-day simple moving average is $12.10 and its 200-day simple moving average is $11.88. Telecom Argentina Stet – France Telecom S.A. has a 52 week low of $6.43 and a 52 week high of $15.25.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. The business 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%. As a group, equities research analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 1.41 earnings per share for the current fiscal year.

Insider Transactions at Telecom Argentina Stet – France Telecom

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui bought 38,890 shares of the stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average price of $13.43 per share, with a total value of $522,292.70. Following the acquisition, the director directly owned 399,348 shares of the company’s stock, valued at $5,363,243.64. This represents a 10.79% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is owned by company insiders.

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.