Telecom Argentina SA (TEO) Holdings Trimmed by Freestone Capital Holdings LLC

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Freestone Capital Holdings LLC decreased its holdings in Telecom Argentina SA (NYSE:TEO) by 14.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 157,851 shares of the utilities provider’s stock after selling 25,750 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Telecom Argentina were worth $2,456,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in shares of Telecom Argentina by 52.8% during the 3rd quarter. Wells Fargo & Company MN now owns 36,813 shares of the utilities provider’s stock worth $641,000 after buying an additional 12,717 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Telecom Argentina during the 3rd quarter worth $270,000. John G Ullman & Associates Inc. bought a new position in shares of Telecom Argentina during the 3rd quarter worth $200,000. USA Financial Portformulas Corp bought a new stake in Telecom Argentina during the third quarter valued at about $283,000. Finally, Newfoundland Capital Management boosted its holdings in Telecom Argentina by 109.7% in the third quarter. Newfoundland Capital Management now owns 762,553 shares of the utilities provider’s stock worth $13,284,000 after acquiring an additional 398,963 shares in the last quarter. Institutional investors and hedge funds own 6.76% of the company’s stock.

Shares of NYSE TEO opened at $15.03 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.45 and a quick ratio of 0.41. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 6.29, a price-to-earnings-growth ratio of 3.04 and a beta of 0.93. Telecom Argentina SA has a fifty-two week low of $13.31 and a fifty-two week high of $35.48.

Several brokerages have weighed in on TEO. Zacks Investment Research downgraded Telecom Argentina from a “hold” rating to a “sell” rating in a report on Friday, November 16th. ValuEngine downgraded Telecom Argentina from a “hold” rating to a “sell” rating in a report on Friday, November 16th. TheStreet downgraded Telecom Argentina from a “c” rating to a “d+” rating in a report on Friday, November 9th. Finally, Santander raised Telecom Argentina from an “underperform” rating to a “hold” rating in a report on Friday, December 21st. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company has a consensus rating of “Hold”.

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Telecom Argentina Company Profile

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services in Argentina and internationally. The company operates through three segments: Fixed Services, Personal Mobile Services, and NĂșcleo Mobile Services. It offers telephone services, including local, domestic, and international long-distance telephone services, as well as public telephone services; interconnection services, such as access, termination, and long-distance transport of calls; and data transmission and Internet services comprising broadband, Internet dedicated lines, private networks, national and international video streaming, transportation of radio and TV signals, and video conferencing services.

Further Reading: How to Invest in a Bull Market

Want to see what other hedge funds are holding TEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telecom Argentina SA (NYSE:TEO).

Institutional Ownership by Quarter for Telecom Argentina (NYSE:TEO)

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