As Telecom Argentina S A (TEO) Shares Rose, Shareholder Tt International Has Cut Stake

June 19, 2017 - By Vivian Park

Tt International decreased its stake in Telecom Argentina S A (TEO) by 61.45% based on its latest 2016Q4 regulatory filing with the SEC. Tt International sold 241,832 shares as the company’s stock rose 2.96% with the market. The institutional investor held 151,731 shares of the telecommunications equipment company at the end of 2016Q4, valued at $2.76M, down from 393,563 at the end of the previous reported quarter. Tt International who had been investing in Telecom Argentina S A for a number of months, seems to be less bullish one the $2.56 billion market cap company. The stock rose 4.29% or $1.07 reaching $26. About 33,421 shares traded. Telecom Argentina SA (ADR) (NYSE:TEO) has risen 35.98% since June 19, 2016 and is uptrending. It has outperformed by 19.28% the S&P500.

Tt International, which manages about $8.38B and $323.97 million US Long portfolio, upped its stake in Adecoagro S A (NYSE:AGRO) by 635,210 shares to 864,045 shares, valued at $8.97M in 2016Q4, according to the filing.

More recent Telecom Argentina SA (ADR) (NYSE:TEO) news were published by: which released: “Telecom Argentina SA ADR TEO (US: NYSE)” on February 11, 2011. Also published the news titled: “Telecom Argentina’s (TEO) Management on Q4 2016 Results – Earnings Call Transcript” on March 10, 2017.‘s news article titled: “JPMorgan Upgrades Telecom Argentina, Sees 6% Upside Due To ‘Unfrozen Wireline …” with publication date: May 12, 2016 was also an interesting one.

Telecom Argentina SA (ADR) (NYSE:TEO) Ratings Coverage

Among 7 analysts covering Telecom Argentina (NYSE:TEO), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Telecom Argentina had 10 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was upgraded by Santander to “Buy” on Thursday, October 8. Raymond James upgraded Telecom Argentina SA (ADR) (NYSE:TEO) on Tuesday, July 28 to “Outperform” rating. Morgan Stanley upgraded the shares of TEO in report on Tuesday, September 6 to “Overweight” rating. The firm earned “Buy” rating on Thursday, May 12 by HSBC. The firm has “Neutral” rating given on Thursday, May 12 by JP Morgan. On Monday, November 23 the stock rating was upgraded by Goldman Sachs to “Neutral”. Goldman Sachs downgraded the shares of TEO in report on Monday, September 28 to “Sell” rating. The stock of Telecom Argentina SA (ADR) (NYSE:TEO) earned “Hold” rating by Zacks on Tuesday, September 22.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: