Sagil Capital LLP Makes New $7.63 Million Investment in Telecom Argentina Stet – France Telecom S.A. $TEO

Sagil Capital LLP bought a new position in Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 657,097 shares of the utilities provider’s stock, valued at approximately $7,629,000. Telecom Argentina Stet – France Telecom accounts for about 1.7% of Sagil Capital LLP’s investment portfolio, making the stock its 8th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp acquired a new stake in Telecom Argentina Stet – France Telecom in the third quarter worth approximately $43,000. Engineers Gate Manager LP acquired a new stake in Telecom Argentina Stet – France Telecom in the second quarter worth approximately $110,000. Qube Research & Technologies Ltd acquired a new stake in Telecom Argentina Stet – France Telecom in the third quarter worth approximately $98,000. Bank of America Corp DE lifted its position in Telecom Argentina Stet – France Telecom by 21.3% in the second quarter. Bank of America Corp DE now owns 26,872 shares of the utilities provider’s stock worth $237,000 after purchasing an additional 4,714 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Telecom Argentina Stet – France Telecom during the 1st quarter valued at $379,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Zacks Research upgraded Telecom Argentina Stet – France Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. increased their price objective on Telecom Argentina Stet – France Telecom from $16.00 to $19.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Scotiabank increased 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 research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.07.

Insider Activity

In other Telecom Argentina Stet – France Telecom news, Director Alejandro Alberto Urricelqui bought 38,890 shares of Telecom Argentina Stet – France Telecom stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average price of $13.43 per share, for a total transaction of $522,292.70. Following the completion of the acquisition, the director directly owned 399,348 shares of the company’s stock, valued at approximately $5,363,243.64. This trade represents a 10.79% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Telecom Argentina Stet – France Telecom Price Performance

Shares of NYSE:TEO opened at $15.97 on Friday. Telecom Argentina Stet – France Telecom S.A. has a one year low of $6.43 and a one year high of $16.25. The stock has a fifty day moving average of $12.34 and a 200-day moving average of $11.94. The company has a market capitalization of $6.88 billion, a PE ratio of 31.30 and a beta of 1.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.58.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last announced its quarterly earnings data on Tuesday, February 10th. The utilities provider reported $0.02 EPS for the quarter. The company 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 anticipate that Telecom Argentina Stet – France Telecom S.A. will post 1.41 EPS for the current fiscal year.

Telecom Argentina Stet – France Telecom Profile

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.