Fintech Telecom, LLC recently stated that they own 100% of Telecom Argentina SA (NYSE:TEO) in a Form 13D/A disclosure that was filed with the SEC on Wednesday, May 24th. The investor owns 95,005,930 shares of the stock worth $2,448,302,816. The reporting parties listed on the disclosure included David Martínez, Fintech Advisory Inc, Fintech Telecom, LLC, Sofora Telecomunicaciones SA and Nortel Inversora SA. The filing is available through the SEC website at this link.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cambiar Investors LLC raised its position in shares of Telecom Argentina SA by 6.8% in the first quarter. Cambiar Investors LLC now owns 21,676 shares of the utilities provider’s stock worth $481,000 after buying an additional 1,378 shares during the period. LSV Asset Management raised its position in shares of Telecom Argentina SA by 26.0% in the first quarter. LSV Asset Management now owns 15,500 shares of the utilities provider’s stock worth $343,000 after buying an additional 3,200 shares during the period. Morgan Stanley raised its position in shares of Telecom Argentina SA by 2.3% in the first quarter. Morgan Stanley now owns 159,771 shares of the utilities provider’s stock worth $3,545,000 after buying an additional 3,593 shares during the period. Dumac Inc. acquired a new position in shares of Telecom Argentina SA during the fourth quarter worth approximately $111,000. Finally, Exane Derivatives raised its position in shares of Telecom Argentina SA by 24.0% in the first quarter. Exane Derivatives now owns 37,051 shares of the utilities provider’s stock worth $822,000 after buying an additional 7,160 shares during the period. 7.63% of the stock is currently owned by institutional investors.

Shares of Telecom Argentina SA (TEO) traded up 1.62% on Wednesday, hitting $25.77. The stock had a trading volume of 152,660 shares. Telecom Argentina SA has a 52 week low of $17.04 and a 52 week high of $25.97. The firm has a 50 day moving average price of $23.72 and a 200-day moving average price of $21.21. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 16.01 and a beta of 1.30.

Separately, Zacks Investment Research raised Telecom Argentina SA from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, March 10th.

About Telecom Argentina SA

Telecom Argentina SA provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company’s segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services).

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