Insider Buying: Telecom Argentina Stet – France Telecom (NYSE:TEO) Director Acquires $522,292.70 in Stock

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Director Alejandro Alberto Urricelqui acquired 38,890 shares of the firm’s stock in a transaction dated 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 owned 399,348 shares of the company’s stock, valued at approximately $5,363,243.64. This represents a 10.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Telecom Argentina Stet – France Telecom Trading Up 0.0%

NYSE TEO opened at $13.24 on Friday. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 25.95 and a beta of 1.32. Telecom Argentina Stet – France Telecom S.A. has a 52 week low of $6.43 and a 52 week high of $15.25. The business has a 50 day moving average price of $12.10 and a 200-day moving average price of $11.89. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.51.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. The firm had revenue of $1.35 billion during 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 analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 1.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

TEO has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $12.00 to $16.00 in a report on Wednesday, April 29th. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 13th. Finally, Scotiabank boosted their price objective on Telecom Argentina Stet – France Telecom from $8.60 to $9.20 and gave the company a “sector underperform” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.07.

Institutional Investors Weigh In On Telecom Argentina Stet – France Telecom

Several institutional investors have recently bought and sold shares of TEO. Acadian Asset Management LLC bought a new stake in Telecom Argentina Stet – France Telecom during the first quarter worth $379,000. Arrowstreet Capital Limited Partnership grew its stake in Telecom Argentina Stet – France Telecom by 321.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock valued at $925,000 after purchasing an additional 79,893 shares during the period. Marshall Wace LLP bought a new position in Telecom Argentina Stet – France Telecom in the 2nd quarter valued at $346,000. Jump Financial LLC bought a new position in Telecom Argentina Stet – France Telecom in the 2nd quarter valued at $596,000. Finally, Jane Street Group LLC bought a new position in Telecom Argentina Stet – France Telecom in the 2nd quarter valued at $578,000.

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.