Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) Shares Sold by Exane Derivatives

Exane Derivatives cut its stake in Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) by 69.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,151 shares of the utilities provider’s stock after selling 25,900 shares during the period. Exane Derivatives’ holdings in Telecom Argentina Stet – France Telecom were worth $283,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Eqis Capital Management Inc. bought a new position in shares of Telecom Argentina Stet – France Telecom during the second quarter worth approximately $233,000. Goldman Sachs Group Inc. boosted its stake in Telecom Argentina Stet – France Telecom by 76.6% in the first quarter. Goldman Sachs Group Inc. now owns 251,228 shares of the utilities provider’s stock worth $5,575,000 after buying an additional 108,953 shares during the period. Soros Fund Management LLC acquired a new stake in Telecom Argentina Stet – France Telecom during the first quarter worth about $5,180,000. Morgan Stanley boosted its stake in Telecom Argentina Stet – France Telecom by 2.3% in the first quarter. Morgan Stanley now owns 159,771 shares of the utilities provider’s stock worth $3,545,000 after buying an additional 3,593 shares during the period. Finally, Global X Management Co. LLC boosted its stake in Telecom Argentina Stet – France Telecom by 19.3% in the first quarter. Global X Management Co. LLC now owns 244,024 shares of the utilities provider’s stock worth $5,415,000 after buying an additional 39,450 shares during the period. 5.93% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) traded up 4.18% during trading on Friday, hitting $28.14. 211,392 shares of the stock traded hands. Telecom Argentina Stet – France Telecom S.A. has a 52 week low of $17.04 and a 52 week high of $29.89. The company has a 50-day moving average of $27.33 and a 200-day moving average of $24.16. The firm has a market cap of $5.45 billion, a P/E ratio of 19.14 and a beta of 1.42.

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A number of analysts have recently weighed in on TEO shares. ValuEngine raised shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. TheStreet raised shares of Telecom Argentina Stet – France Telecom from a “c+” rating to an “a” rating in a report on Monday, June 12th. BidaskClub lowered shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Zacks Investment Research lowered shares of Telecom Argentina Stet – France Telecom from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, HSBC Holdings plc lowered shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Telecom Argentina Stet – France Telecom currently has a consensus rating of “Buy” and an average price target of $29.67.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company’s segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services).

Institutional Ownership by Quarter for Telecom Argentina Stet - France Telecom (NYSE:TEO)

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