ValuEngine upgraded shares of Telecom Argentina Stet - France Telecom from a "hold" rating to a "buy" rating in a report on Friday, June 2nd. The firm has a 50 day moving average of $24.80 and a 200-day moving average of $21.96. Zacks Investment Research raised shares of Telecom Argentina Stet - France Telecom from a strong sell rating to a hold rating in a report on Saturday, March 4th. TheStreet upgraded Telecom Argentina Stet - France Telecom from a "c+" rating to an "a" rating in a report on Monday, June 12th. On 30 June 2017 Grupo Clarin and Cablevision Holding informed the Argentine Securities Commission and the Buenos Aires Stock Exchange that the board of directors of Cablevision, a subsidiary of Cablevision Holding - the spun off company that resulted from Grupo Clarin's reorganisation process - has approved a "pre-merger commitment", whereby Telecom Argentina will absorb Cablevision pursuant to a merger under the terms of Articles 82 and 83 of the Argentine General Companies Law. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Telecom Argentina Stet - France Telecom has a 1-year low of $17.04 and a 1-year high of $26.30. The stock presently has a consensus rating of Buy and a consensus price target of $25.67.
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Several hedge funds have recently added to or reduced their stakes in TEO. Group One Trading L.P. boosted its position 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 worth $184,000 after buying an additional 7,212 shares during the last quarter. LSV Asset Management raised its position in Telecom Argentina Stet - France Telecom by 26.0% in the first quarter. Cambiar Investors LLC raised its position in Telecom Argentina Stet - France Telecom by 6.8% in the first quarter. Over the past month the firm's stock is -1.93%, 14.20% for the last quarter, 38.85% for the past six-months and 38.24% for the previous year. Dynamic Technology Lab Private Ltd acquired a new position in Telecom Argentina Stet - France Telecom during the fourth quarter worth about $369,000. For the week, the stock is performing 3.94%.
NeoPhotonics Corporation (NPTN) Earns Media Impact Score of 0.04
Following the completion of the sale, the insider now directly owns 4,884,405 shares in the company, valued at $44,448,085.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .
Telecom Argentina SA provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as global long-distance service, data transmission, information technology solutions outsourcing and Internet services.
As Argentina's largest telecom and pay-TV providers, the transaction will allow the combined company to become a leader in convergent solutions as well as strengthen its investment in technology infrastructure, both mobile and terrestrial fibre-to-the-home (FTTH).
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