Today, Emerald Acquisition Ltd. Buys Shares of 29,840 Telecom Argentina SA (TEO)

Today, Emerald Acquisition Ltd. Buys Shares of 29,840 Telecom Argentina SA (TEO)

Emerald Acquisition Ltd. purchased a new stake in shares of Telecom Argentina SA (NYSE:TEO) during the second quarter, Holdings Channel reports. The fund purchased 29,840 shares of the company’s stock, valued at approximately $547,000.

Other institutional investors have also made changes to their positions in the company. James Investment Research Inc. boosted its position in shares of Telecom Argentina SA by 33.6% in the second quarter. James Investment Research Inc. now owns 15,900 shares of the company’s stock valued at $291,000 after buying an additional 4,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Telecom Argentina SA by 3.4% in the first quarter. Goldman Sachs Group Inc. now owns 199,883 shares of the company’s stock valued at $3,576,000 after buying an additional 6,500 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Telecom Argentina SA by 12.4% in the first quarter. JPMorgan Chase & Co. now owns 72,340 shares of the company’s stock valued at $1,294,000 after buying an additional 8,009 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Telecom Argentina SA by 1,581.4% in the first quarter. Royal Bank of Canada now owns 16,814 shares of the company’s stock valued at $300,000 after buying an additional 15,814 shares during the last quarter. Finally, Cambiar Investors LLC acquired a new position in shares of Telecom Argentina SA during the second quarter valued at $372,000. 8.64% of the stock is currently owned by institutional investors and hedge funds.

Telecom Argentina SA (NYSE:TEO) traded down 0.76% during midday trading on Tuesday, reaching $18.18. 242,539 shares of the company’s stock traded hands. Telecom Argentina SA has a 52-week low of $14.03 and a 52-week high of $20.28. The firm has a market cap of $3.52 billion, a PE ratio of 16.91 and a beta of 1.35. The firm’s 50-day moving average is $18.44 and its 200 day moving average is $18.45.

Several brokerages recently weighed in on TEO. Zacks Investment Research raised shares of Telecom Argentina SA from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, August 23rd. Morgan Stanley raised shares of Telecom Argentina SA from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $18.00 to $23.00 in a research report on Tuesday, September 6th. Finally, TheStreet raised shares of Telecom Argentina SA from a “hold” rating to a “buy” rating in a research report on Monday, July 11th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Telecom Argentina SA presently has a consensus rating of “Buy” and an average price target of $20.28.

Telecom Argentina SA Company Profile

Telecom Argentina SA provides fixed-line telecommunications services and other telephone-related services, such as international long-distance service, data transmission, information technology (IT) solutions outsourcing and Internet services. The Company provides mobile telecommunications services and international wholesale services.

Related posts

Leave a Comment