Avalon Advisors LLC Has $650,000 Stake in Telecom Argentina SA (TEO)


Avalon Advisors LLC lessened its stake in Telecom Argentina SA (NYSE:TEO) by 26.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,763 shares of the utilities provider’s stock after selling 14,760 shares during the quarter. Avalon Advisors LLC’s holdings in Telecom Argentina were worth $650,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Alpine Global Management LLC purchased a new position in Telecom Argentina in the 3rd quarter worth about $192,000. Jane Street Group LLC purchased a new position in Telecom Argentina during the 3rd quarter worth approximately $270,000. Legal & General Group Plc purchased a new position in Telecom Argentina during the 3rd quarter worth approximately $452,000. Wells Fargo & Company MN raised its stake in Telecom Argentina by 52.8% during the 3rd quarter. Wells Fargo & Company MN now owns 36,813 shares of the utilities provider’s stock valued at $641,000 after purchasing an additional 12,717 shares during the period. Finally, Nordea Investment Management AB acquired a new stake in Telecom Argentina during the 3rd quarter valued at $707,000. Hedge funds and other institutional investors own 6.60% of the company’s stock.

TEO traded down $0.06 on Tuesday, reaching $14.33. 156,663 shares of the company traded hands, compared to its average volume of 246,798. Telecom Argentina SA has a 52-week low of $13.31 and a 52-week high of $31.44. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.58 and a current ratio of 0.63. The company has a market capitalization of $2.74 billion, a PE ratio of 42.15, a PEG ratio of 2.97 and a beta of 0.84.

Telecom Argentina (NYSE:TEO) last issued its quarterly earnings data on Friday, March 8th. The utilities provider reported $1.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.96. Telecom Argentina had a return on equity of 0.33% and a net margin of 0.33%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.08 billion. On average, equities analysts forecast that Telecom Argentina SA will post 0.86 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on TEO. Zacks Investment Research raised Telecom Argentina from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine lowered Telecom Argentina from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Santander raised Telecom Argentina from an “underperform” rating to a “hold” rating in a research note on Friday, December 21st. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has an average rating of “Hold”.

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About Telecom Argentina

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services in Argentina and internationally. The company offers telephone services, including local, domestic, and international long-distance telephone services, as well as public telephone services; interconnection services, such as access, termination, and long-distance transport of calls; information and communication technology services comprising datacenter services, and telecommunications consulting and value-added solutions; and call waiting, call forwarding, conference calls, caller ID, voice mail, itemized billing, and maintenance services, as well as sells equipment.

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

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