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

Advisors Preferred LLC bought a new position in shares of Telecom Argentina S.A. (NYSE:TEO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,467 shares of the utilities provider’s stock, valued at approximately $75,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stifel Financial Corp purchased a new stake in shares of Telecom Argentina in the third quarter valued at $91,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Telecom Argentina in the second quarter valued at $334,000. XTX Topco Ltd purchased a new stake in shares of Telecom Argentina in the third quarter valued at $80,000. JGP Global Gestao de Recursos Ltda. purchased a new stake in shares of Telecom Argentina in the fourth quarter valued at $853,000. Finally, Centiva Capital LP purchased a new stake in shares of Telecom Argentina in the third quarter valued at $123,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TEO. The Goldman Sachs Group upped their price objective on Telecom Argentina from $7.30 to $8.30 and gave the company a “sell” rating in a research report on Wednesday, November 20th. StockNews.com upgraded Telecom Argentina from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th.

Telecom Argentina Stock Down 5.8 %

Telecom Argentina stock opened at $11.68 on Friday. The stock has a fifty day moving average price of $12.89 and a 200 day moving average price of $10.10. Telecom Argentina S.A. has a 52 week low of $5.52 and a 52 week high of $15.53. 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 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.