XTX Topco Ltd Buys New Stake in Telecom Argentina S.A. (NYSE:TEO)

XTX Topco Ltd bought a new position in shares of Telecom Argentina S.A. (NYSE:TEO) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,632 shares of the utilities provider’s stock, valued at approximately $80,000.

A number of other hedge funds also recently bought and sold shares of TEO. Cubist Systematic Strategies LLC acquired a new position in shares of Telecom Argentina during the 2nd quarter worth about $334,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Telecom Argentina in the second quarter valued at approximately $174,000. Centiva Capital LP acquired a new stake in shares of Telecom Argentina in the third quarter worth $123,000. PFG Investments LLC bought a new position in Telecom Argentina during the second quarter worth $104,000. Finally, Stifel Financial Corp bought a new position in Telecom Argentina during the third quarter worth $91,000.

Analysts Set New Price Targets

TEO has been the topic of a number of recent research reports. StockNews.com raised Telecom Argentina from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Scotiabank downgraded shares of Telecom Argentina from a “sector perform” rating to a “sector underperform” rating and raised their price objective for the stock from $5.70 to $6.10 in a report on Friday, September 20th. Finally, The Goldman Sachs Group upped their target price on shares of Telecom Argentina from $7.30 to $8.30 and gave the company a “sell” rating in a research note on Wednesday, November 20th.

Telecom Argentina Stock Performance

Shares of NYSE:TEO opened at $11.89 on Friday. The business’s fifty day moving average price is $11.47 and its two-hundred day moving average price is $8.71. 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 S.A. has a fifty-two week low of $5.52 and a fifty-two week high of $14.78. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of -66.05 and a beta of 0.92.

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.