Dynamic Technology Lab Private Ltd lowered its stake in shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) by 47.6% during the first quarter, Holdings Channel reports. The fund owned 10,630 shares of the utilities provider’s stock after selling 9,639 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Telecom Argentina Stet – France Telecom were worth $236,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TEO. Group One Trading L.P. raised its stake in shares of Telecom Argentina Stet – France Telecom by 665.3% in the first quarter. Group One Trading L.P. now owns 8,296 shares of the utilities provider’s stock valued at $184,000 after buying an additional 7,212 shares during the period. LSV Asset Management raised its stake in shares of Telecom Argentina Stet – France Telecom by 26.0% in the first quarter. LSV Asset Management now owns 15,500 shares of the utilities provider’s stock valued at $343,000 after buying an additional 3,200 shares during the period. Cambiar Investors LLC raised its stake in shares of Telecom Argentina Stet – France Telecom by 6.8% in the first quarter. Cambiar Investors LLC now owns 21,676 shares of the utilities provider’s stock valued at $481,000 after buying an additional 1,378 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at about $545,000. Finally, Public Sector Pension Investment Board bought a new stake in shares of Telecom Argentina Stet – France Telecom during the fourth quarter valued at about $750,000. 5.79% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) opened at 24.93 on Friday. The company has a 50-day moving average of $24.64 and a 200 day moving average of $21.81. Telecom Argentina Stet – France Telecom S.A. has a one year low of $17.04 and a one year high of $26.17. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 15.44 and a beta of 1.36.

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Several analysts recently issued reports on the stock. BidaskClub lowered shares of Telecom Argentina Stet – France Telecom from a “buy” rating to a “hold” rating in a report on Friday. TheStreet upgraded shares of Telecom Argentina Stet – France Telecom from a “c+” rating to an “a” rating in a report on Monday, June 12th. ValuEngine upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Telecom Argentina Stet – France Telecom from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Friday, March 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.50.

About Telecom Argentina Stet – France Telecom

Telecom Argentina SA provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company’s segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services).

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