Bosun Asset Management LLC Purchases Shares of 81,878 Telecom Argentina S.A. (NYSE:TEO)

Bosun Asset Management LLC purchased a new position in Telecom Argentina S.A. (NYSE:TEO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 81,878 shares of the utilities provider's stock, valued at approximately $1,031,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Telecom Argentina by 113.3% during the 4th quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider's stock valued at $49,000 after acquiring an additional 2,081 shares during the period. Advisors Preferred LLC bought a new position in Telecom Argentina during the fourth quarter valued at approximately $75,000. Atlas Capital Advisors Inc. bought a new position in Telecom Argentina during the fourth quarter valued at approximately $106,000. OLD Mission Capital LLC purchased a new stake in Telecom Argentina in the fourth quarter worth approximately $133,000. Finally, NewEdge Advisors LLC bought a new stake in Telecom Argentina in the 4th quarter worth approximately $202,000.

Telecom Argentina Stock Performance

NYSE TEO traded up $0.53 on Friday, hitting $10.50. 362,811 shares of the company traded hands, compared to its average volume of 214,509. The business's 50 day moving average price is $10.41 and its 200-day moving average price is $11.56. Telecom Argentina S.A. has a 52-week low of $5.52 and a 52-week high of $15.54. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of -58.33 and a beta of 1.28.

Telecom Argentina (NYSE:TEO - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The utilities provider reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of ($0.47) by $0.64. The firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.19 billion. Telecom Argentina had a negative return on equity of 1.26% and a negative net margin of 1.91%. Equities analysts expect that Telecom Argentina S.A. will post 1.28 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TEO shares. JPMorgan Chase & Co. upgraded Telecom Argentina from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $10.00 to $13.00 in a research note on Tuesday, February 25th. Scotiabank raised their target price on Telecom Argentina from $6.10 to $6.20 and gave the stock a "sector underperform" rating in a research report on Thursday, March 13th. Finally, The Goldman Sachs Group upped their price target on shares of Telecom Argentina from $8.30 to $9.50 and gave the company a "sell" rating in a research report on Wednesday, April 23rd.

Telecom Argentina Company 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.