Insider Selling: Telecom Argentina Stet – France Telecom (NYSE:TEO) Director Sells $524,030.00 in Stock

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Director Baruki Luis Alberto Gonzalez sold 188,500 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $2.78, for a total value of $524,030.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Telecom Argentina Stet – France Telecom Stock Up 0.3%

Telecom Argentina Stet – France Telecom stock opened at $13.07 on Friday. Telecom Argentina Stet – France Telecom S.A. has a 1-year low of $6.43 and a 1-year high of $16.34. The business has a fifty day moving average price of $13.37 and a 200-day moving average price of $12.57. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.58 and a quick ratio of 0.55. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 10.63 and a beta of 1.36.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Sagil Capital LLP purchased a new stake in Telecom Argentina Stet – France Telecom in the fourth quarter valued at approximately $7,629,000. RWC Asset Management LLP increased its holdings in Telecom Argentina Stet – France Telecom by 50.7% in the 4th quarter. RWC Asset Management LLP now owns 1,009,244 shares of the utilities provider’s stock worth $11,717,000 after buying an additional 339,416 shares during the period. Verde Servicos Internacionais S.A. purchased a new position in Telecom Argentina Stet – France Telecom during the 1st quarter worth approximately $701,000. SPX Gestao de Recursos Ltda purchased a new position in Telecom Argentina Stet – France Telecom during the 1st quarter worth approximately $8,565,000. Finally, Absolute Gestao de Investimentos Ltda. acquired a new stake in Telecom Argentina Stet – France Telecom during the 1st quarter valued at approximately $1,015,000.

Analysts Set New Price Targets

Several research firms have recently issued reports on TEO. JPMorgan Chase & Co. upped their price objective on shares of Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a report on Tuesday, June 9th. Zacks Research downgraded shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen lowered shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. UBS Group decreased their price target on shares of Telecom Argentina Stet – France Telecom from $18.00 to $16.50 and set a “buy” rating for the company in a report on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of Telecom Argentina Stet – France Telecom from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.43.

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.