Wells Fargo & Company MN Has $200,000 Holdings in Telecom Argentina S.A. (NYSE:TEO)

Wells Fargo & Company MN trimmed its position in Telecom Argentina S.A. (NYSE:TEO) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,885 shares of the utilities provider’s stock after selling 1,585 shares during the quarter. Wells Fargo & Company MN’s holdings in Telecom Argentina were worth $200,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in TEO. GAMMA Investing LLC grew its position in Telecom Argentina by 113.3% during the 4th quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 2,081 shares in the last quarter. JGP Global Gestao de Recursos Ltda. purchased a new position in shares of Telecom Argentina during the fourth quarter valued at $853,000. Advisors Preferred LLC acquired a new position in Telecom Argentina during the fourth quarter valued at $75,000. OLD Mission Capital LLC purchased a new stake in Telecom Argentina in the 4th quarter worth about $133,000. Finally, Atlas Capital Advisors Inc. purchased a new position in Telecom Argentina during the 4th quarter valued at about $106,000.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Scotiabank raised their price target on shares of Telecom Argentina from $6.10 to $6.20 and gave the stock a “sector underperform” rating in a report on Thursday, March 13th. The Goldman Sachs Group boosted their price target on shares of Telecom Argentina from $8.30 to $9.50 and gave the company a “sell” rating in a report on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. raised Telecom Argentina from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $10.00 to $13.00 in a research report on Tuesday, February 25th.

Telecom Argentina Price Performance

Shares of NYSE:TEO opened at $10.03 on Friday. The stock has a market capitalization of $4.32 billion, a P/E ratio of -55.74 and a beta of 1.28. The business has a 50-day moving average of $10.43 and a two-hundred day moving average of $11.54. Telecom Argentina S.A. has a fifty-two week low of $5.52 and a fifty-two week high of $15.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.37.

Telecom Argentina (NYSE:TEO) last posted its earnings results on Friday, February 28th. The utilities provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.64. Telecom Argentina had a negative return on equity of 1.26% and a negative net margin of 1.91%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, equities research analysts predict that Telecom Argentina S.A. will post 1.28 EPS for the current fiscal year.

Telecom Argentina 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.