Deltec Asset Management LLC decreased its stake in shares of Telecom Argentina SA (NYSE:TEO) by 16.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,000 shares of the utilities provider’s stock after selling 8,500 shares during the period. Deltec Asset Management LLC’s holdings in Telecom Argentina were worth $732,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. NN Investment Partners Holdings N.V. lifted its position in Telecom Argentina by 99.9% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 7,300 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 3,649 shares during the period. Bailard Inc. acquired a new position in Telecom Argentina during the 2nd quarter valued at about $215,000. Capital Fund Management S.A. acquired a new position in Telecom Argentina during the 2nd quarter valued at about $215,000. Stevens Capital Management LP lifted its position in Telecom Argentina by 36.5% during the 2nd quarter. Stevens Capital Management LP now owns 12,740 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 3,409 shares during the period. Finally, Barclays PLC lifted its position in Telecom Argentina by 5,115.2% during the 1st quarter. Barclays PLC now owns 7,875 shares of the utilities provider’s stock valued at $247,000 after purchasing an additional 7,724 shares during the period. Institutional investors and hedge funds own 7.83% of the company’s stock.

Telecom Argentina stock opened at $17.31 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.44 and a current ratio of 0.47. Telecom Argentina SA has a 1 year low of $15.26 and a 1 year high of $40.19. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 7.21 and a beta of 1.21.

Telecom Argentina (NYSE:TEO) last announced its quarterly earnings results on Wednesday, August 8th. The utilities provider reported ($0.85) EPS for the quarter. The company had revenue of $1.45 billion during the quarter. Telecom Argentina had a net margin of 0.92% and a return on equity of 1.25%. On average, analysts forecast that Telecom Argentina SA will post -0.82 earnings per share for the current year.

A number of research analysts have issued reports on TEO shares. TheStreet downgraded shares of Telecom Argentina from a “b-” rating to a “c” rating in a research report on Monday, July 16th. HSBC upgraded shares of Telecom Argentina from a “reduce” rating to a “hold” rating in a research report on Thursday, June 28th. ValuEngine upgraded shares of Telecom Argentina from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. Zacks Investment Research upgraded shares of Telecom Argentina from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. Finally, Bank of America downgraded shares of Telecom Argentina from a “buy” rating to a “neutral” rating in a research report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Telecom Argentina has a consensus rating of “Hold” and an average price target of $44.50.

About Telecom Argentina

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.

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

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