Advisors Preferred LLC Makes New $75,000 Investment in Telecom Argentina S.A. (NYSE:TEO)

Advisors Preferred LLC purchased a new position in shares of Telecom Argentina S.A. (NYSE:TEO) in the 4th quarter, Holdings Channel.com reports. The fund purchased 5,467 shares of the utilities provider’s stock, valued at approximately $75,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TEO. GAMMA Investing LLC increased its stake in Telecom Argentina by 113.3% during the fourth quarter. GAMMA Investing LLC now owns 3,917 shares of the utilities provider’s stock worth $49,000 after acquiring an additional 2,081 shares during the last quarter. XTX Topco Ltd acquired a new stake in Telecom Argentina during the third quarter worth about $80,000. Stifel Financial Corp acquired a new stake in Telecom Argentina during the third quarter worth about $91,000. Centiva Capital LP acquired a new stake in Telecom Argentina during the third quarter worth about $123,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Telecom Argentina in the second quarter valued at about $334,000.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TEO. The Goldman Sachs Group increased their target price on Telecom Argentina from $7.30 to $8.30 and gave the company a “sell” rating in a research note on Wednesday, November 20th. StockNews.com upgraded Telecom Argentina from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th.

Telecom Argentina Trading Down 5.8 %

TEO stock opened at $11.68 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. Telecom Argentina S.A. has a 1 year low of $5.52 and a 1 year high of $15.53. The stock has a 50-day simple moving average of $12.89 and a 200-day simple moving average of $10.10.

About Telecom Argentina

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.