Oaktree Capital Management LP Sells 65,000 Shares of Telecom Argentina Stet – France Telecom S.A. $TEO

Oaktree Capital Management LP reduced its holdings in shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,644,263 shares of the utilities provider’s stock after selling 65,000 shares during the period. Oaktree Capital Management LP owned about 0.61% of Telecom Argentina Stet – France Telecom worth $23,349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC acquired a new stake in Telecom Argentina Stet – France Telecom in the 1st quarter valued at $119,000. Cetera Investment Advisers bought a new position in shares of Telecom Argentina Stet – France Telecom during the first quarter valued at $271,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Telecom Argentina Stet – France Telecom in the 1st quarter valued at $329,000. Acadian Asset Management LLC bought a new stake in shares of Telecom Argentina Stet – France Telecom in the 1st quarter worth about $379,000. Finally, Marshall Wace LLP bought a new stake in shares of Telecom Argentina Stet – France Telecom in the 2nd quarter worth about $346,000.

Telecom Argentina Stet – France Telecom Trading Down 1.6%

Shares of NYSE TEO opened at $12.75 on Friday. Telecom Argentina Stet – France Telecom S.A. has a fifty-two week low of $6.43 and a fifty-two week high of $15.53. The firm has a market capitalization of $5.49 billion, a P/E ratio of -36.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.52 and a quick ratio of 0.50. The company’s 50 day simple moving average is $10.22 and its 200 day simple moving average is $9.46.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last issued its earnings results on Monday, November 10th. The utilities provider reported ($0.36) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.13. Telecom Argentina Stet – France Telecom had a negative net margin of 2.55% and a negative return on equity of 2.64%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.50 billion. On average, analysts predict that Telecom Argentina Stet – France Telecom S.A. will post 1.28 EPS for the current year.

Telecom Argentina Stet – France Telecom Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Monday, November 24th were issued a dividend of $0.0452 per share. The ex-dividend date was Monday, November 24th. Telecom Argentina Stet – France Telecom’s dividend payout ratio (DPR) is -14.29%.

Analysts Set New Price Targets

TEO has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Telecom Argentina Stet – France Telecom in a report on Monday. UBS Group set a $17.00 price objective on shares of Telecom Argentina Stet – France Telecom and gave the stock a “buy” rating in a report on Monday, November 3rd. Zacks Research raised Telecom Argentina Stet – France Telecom from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Finally, Scotiabank upgraded Telecom Argentina Stet – France Telecom from a “sector underperform” rating to a “sector perform” rating and increased their price target for the stock from $4.50 to $8.20 in a research report on Monday, September 8th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.93.

Telecom Argentina Stet – France Telecom Company Profile

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.