Cetera Investment Advisers Buys New Stake in Telecom Argentina Stet – France Telecom S.A. $TEO

Cetera Investment Advisers bought a new stake in shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 26,600 shares of the utilities provider’s stock, valued at approximately $271,000.

A number of other institutional investors also recently added to or reduced their stakes in TEO. NewEdge Advisors LLC bought a new position in shares of Telecom Argentina Stet – France Telecom in the fourth quarter worth $202,000. XTX Topco Ltd lifted its holdings in Telecom Argentina Stet – France Telecom by 64.7% in the fourth quarter. XTX Topco Ltd now owns 17,510 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 6,878 shares during the period. Bank of America Corp DE grew its position in Telecom Argentina Stet – France Telecom by 87.0% in the 4th quarter. Bank of America Corp DE now owns 20,684 shares of the utilities provider’s stock valued at $260,000 after buying an additional 9,621 shares in the last quarter. Mariner LLC grew its position in Telecom Argentina Stet – France Telecom by 8.1% in the 4th quarter. Mariner LLC now owns 32,792 shares of the utilities provider’s stock valued at $413,000 after buying an additional 2,467 shares in the last quarter. Finally, Bosun Asset Management LLC acquired a new position in Telecom Argentina Stet – France Telecom during the 4th quarter valued at about $1,031,000.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group upped their price target on shares of Telecom Argentina Stet – France Telecom from $8.30 to $9.50 and gave the stock a “sell” rating in a research note on Wednesday, April 23rd. Scotiabank reissued an “underperform” rating on shares of Telecom Argentina Stet – France Telecom in a report on Thursday, May 15th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, Telecom Argentina Stet – France Telecom currently has a consensus rating of “Reduce” and a consensus price target of $10.23.

Telecom Argentina Stet – France Telecom Stock Performance

TEO opened at $9.2150 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.48. The firm has a market cap of $3.97 billion, a PE ratio of -307.06 and a beta of 1.20. The business has a fifty day simple moving average of $9.25 and a 200-day simple moving average of $10.16. Telecom Argentina Stet – France Telecom S.A. has a fifty-two week low of $6.60 and a fifty-two week high of $15.53.

Telecom Argentina Stet – France Telecom 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.