UBS Group AG Has $3.41 Million Position in Telecom Argentina Stet – France Telecom S.A. $TEO

UBS Group AG lifted its position in shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) by 25.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 293,659 shares of the utilities provider’s stock after buying an additional 60,033 shares during the period. UBS Group AG owned about 0.07% of Telecom Argentina Stet – France Telecom worth $3,409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of TEO. Acadian Asset Management LLC acquired a new position in shares of Telecom Argentina Stet – France Telecom during the first quarter worth about $379,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Telecom Argentina Stet – France Telecom by 321.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 104,726 shares of the utilities provider’s stock worth $925,000 after buying an additional 79,893 shares during the period. Marshall Wace LLP acquired a new position in shares of Telecom Argentina Stet – France Telecom during the second quarter worth about $346,000. Jump Financial LLC acquired a new position in shares of Telecom Argentina Stet – France Telecom during the second quarter worth about $596,000. Finally, Jane Street Group LLC acquired a new position in shares of Telecom Argentina Stet – France Telecom during the second quarter worth about $578,000.

Telecom Argentina Stet – France Telecom Stock Performance

TEO opened at $11.82 on Monday. Telecom Argentina Stet – France Telecom S.A. has a 52-week low of $6.43 and a 52-week high of $13.81. The firm has a market capitalization of $5.09 billion, a PE ratio of 23.18 and a beta of 1.26. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.56 and a current ratio of 0.58. The business’s 50-day simple moving average is $11.70 and its 200 day simple moving average is $11.82.

Telecom Argentina Stet – France Telecom (NYSE:TEO) last released its earnings results on Tuesday, February 10th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter. Telecom Argentina Stet – France Telecom had a return on equity of 4.05% and a net margin of 3.33%.The business had revenue of $1.35 billion for the quarter. As a group, sell-side analysts expect that Telecom Argentina Stet – France Telecom S.A. will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TEO has been the subject of several recent research reports. Zacks Research raised 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. upgraded Telecom Argentina Stet – France Telecom from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $12.00 to $16.00 in a report on Wednesday, April 29th. Scotiabank lowered Telecom Argentina Stet – France Telecom from a “sector perform” rating to a “sector underperform” rating and upped their target price for the stock from $8.20 to $8.60 in a report on Friday, March 27th. Finally, Weiss Ratings upgraded Telecom Argentina Stet – France Telecom from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Telecom Argentina Stet – France Telecom has an average rating of “Hold” and an average price target of $13.87.

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.