Oaktree Capital Management LP Decreases Stock Position in Telecom Argentina S.A. (NYSE:TEO)

Oaktree Capital Management LP lessened its holdings in Telecom Argentina S.A. (NYSE:TEO - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,799,263 shares of the utilities provider's stock after selling 279,825 shares during the quarter. Oaktree Capital Management LP owned 0.65% of Telecom Argentina worth $35,243,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TEO. JGP Global Gestao de Recursos Ltda. purchased a new position in shares of Telecom Argentina in the fourth quarter worth about $853,000. Stifel Financial Corp purchased a new stake in Telecom Argentina in the third quarter valued at approximately $91,000. XTX Topco Ltd acquired a new position in Telecom Argentina in the 3rd quarter worth approximately $80,000. Centiva Capital LP purchased a new position in Telecom Argentina during the 3rd quarter worth approximately $123,000. Finally, Advisors Preferred LLC acquired a new stake in Telecom Argentina during the 4th quarter valued at approximately $75,000.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TEO shares. Scotiabank boosted their target price on shares of Telecom Argentina from $6.10 to $6.20 and gave the company a "sector underperform" rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. raised Telecom Argentina from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $10.00 to $13.00 in a report on Tuesday, February 25th.

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Telecom Argentina Price Performance

NYSE TEO traded down $0.29 during trading hours on Thursday, reaching $10.30. The company's stock had a trading volume of 48,290 shares, compared to its average volume of 204,214. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of -57.22 and a beta of 0.99. The company's 50-day moving average is $11.36 and its two-hundred day moving average is $11.19. 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 1-year low of $5.52 and a 1-year high of $15.53.

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

Telecom Argentina Company 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.