D. E. Shaw & Co. Inc. Sells 28,353 Shares of Telecom Argentina S.A. (NYSE:TEO)

D. E. Shaw & Co. Inc. decreased its position in Telecom Argentina S.A. (NYSE:TEO - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,848 shares of the utilities provider's stock after selling 28,353 shares during the period. D. E. Shaw & Co. Inc.'s holdings in Telecom Argentina were worth $917,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Freedom Investment Management Inc. bought a new position in shares of Telecom Argentina in the 4th quarter worth about $577,000. JGP Global Gestao de Recursos Ltda. bought a new stake in Telecom Argentina in the fourth quarter worth approximately $853,000. Bosun Asset Management LLC bought a new stake in Telecom Argentina in the fourth quarter worth approximately $1,031,000. XTX Topco Ltd lifted its stake in Telecom Argentina by 64.7% in the fourth quarter. XTX Topco Ltd now owns 17,510 shares of the utilities provider's stock valued at $220,000 after buying an additional 6,878 shares during the period. Finally, NewEdge Advisors LLC bought a new position in shares of Telecom Argentina during the 4th quarter worth approximately $202,000.

Telecom Argentina Stock Down 2.6%

Shares of TEO traded down $0.27 on Thursday, reaching $10.08. The company's stock had a trading volume of 84,700 shares, compared to its average volume of 213,629. Telecom Argentina S.A. has a twelve month low of $5.52 and a twelve month high of $15.54. The stock has a market capitalization of $4.34 billion, a PE ratio of -56.00 and a beta of 1.28. 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 firm has a fifty day moving average of $10.34 and a 200-day moving average of $11.66.

Telecom Argentina (NYSE:TEO - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.24) by $0.44. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.08 billion. Telecom Argentina had a negative return on equity of 1.26% and a negative net margin of 1.91%. Equities analysts predict that Telecom Argentina S.A. will post 1.28 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on TEO. The Goldman Sachs Group increased their target price on shares of Telecom Argentina from $8.30 to $9.50 and gave the stock a "sell" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. raised shares of Telecom Argentina from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $10.00 to $13.00 in a research report on Tuesday, February 25th. Finally, Scotiabank reiterated an "underperform" rating on shares of Telecom Argentina in a report on Thursday, May 15th.

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.