RWC Asset Advisors US LLC Has $7.78 Million Holdings in Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO)

Key Points

• RWC Asset Advisors US LLC has reduced its stake in Telecom Argentina Stet - France Telecom by 8.5%, now holding 763,829 shares worth approximately $7.78 million.
• Institutional interest has fluctuated, with MIRAE ASSET GLOBAL ETFS HOLDINGS increasing its position by 111%, owning over 2.3 million shares after a significant purchase.
• Analysts have adjusted their price targets, with Goldman Sachs raising it from $8.30 to $9.50 while maintaining a "sell" rating for the stock.

RWC Asset Advisors US LLC lessened its stake in Telecom Argentina Stet - France Telecom S.A. (NYSE:TEO - Free Report) by 8.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 763,829 shares of the utilities provider's stock after selling 71,336 shares during the quarter. Telecom Argentina Stet - France Telecom comprises about 1.4% of RWC Asset Advisors US LLC's holdings, making the stock its 11th largest holding. RWC Asset Advisors US LLC owned approximately 0.18% of Telecom Argentina Stet - France Telecom worth $7,783,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Telecom Argentina Stet - France Telecom by 111.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,327,035 shares of the utilities provider's stock valued at $29,297,000 after buying an additional 1,224,369 shares during the last quarter. Bosun Asset Management LLC purchased a new position in shares of Telecom Argentina Stet - France Telecom during the 4th quarter valued at approximately $1,031,000. Freedom Investment Management Inc. purchased a new position in shares of Telecom Argentina Stet - France Telecom during the 4th quarter valued at approximately $577,000. GAMMA Investing LLC boosted its stake in shares of Telecom Argentina Stet - France Telecom by 900.3% during the 1st quarter. GAMMA Investing LLC now owns 39,181 shares of the utilities provider's stock valued at $3,845,000 after buying an additional 35,264 shares during the last quarter. Finally, Mariner LLC boosted its stake in shares of Telecom Argentina Stet - France Telecom by 8.1% during 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 during the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on TEO shares. The Goldman Sachs Group increased their target price on Telecom Argentina Stet - France Telecom from $8.30 to $9.50 and gave the company a "sell" rating in a research note on Wednesday, April 23rd. Scotiabank reiterated an "underperform" rating on shares of Telecom Argentina Stet - France Telecom in a research note on Thursday, May 15th.

Telecom Argentina Stet - France Telecom Stock Performance

TEO traded down $0.17 during trading hours on Wednesday, hitting $9.50. 29,528 shares of the stock were exchanged, compared to its average volume of 206,900. The stock has a 50-day simple moving average of $9.35 and a 200-day simple moving average of $10.47. Telecom Argentina Stet - France Telecom S.A. has a 12 month low of $5.52 and a 12 month high of $15.53. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 19.84 and a beta of 1.17. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.48 and a quick ratio of 0.44.

Telecom Argentina Stet - France Telecom (NYSE:TEO - Get Free Report) last issued its earnings results on Monday, May 12th. The utilities provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.24) by $0.44. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.08 billion. Telecom Argentina Stet - France Telecom had a return on equity of 3.68% and a net margin of 4.52%. Analysts anticipate that Telecom Argentina Stet - France Telecom S.A. will post 1.28 earnings per share for the current year.

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.