Large Inflow of Money Witnessed in Telecom Argentina Stet – France Telecom S.A.

Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) : Investors lapped up stocks on upticks to the tune of $0.02 million in the Wednesdays trading session. The trading value on downticks was comparatively at $0 million and the uptick to downtick ratio of 12.95 indicates continuous buying by the bulls. The net money flow into the stock was $0.02 million. Upticks saw transactions worth $0.01 clearly indicating buying by large investors. The total money flow for block trades stood at $0.01 million, which is a positive for the stock in the long-term. Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO) fell $0.16 during the day at $18.34, a drop of -0.86% over the previous days close. However, for the week, the stock is 1.61%, compared to the previous week.

Telecom

Currently the company Insiders own 1% of Telecom Argentina Stet – France Telecom S.A. shares according to the proxy statements. Institutional Investors own 8.29% of Telecom Argentina Stet – France Telecom S.A. shares.

The company shares have rallied 1.98% from its 1 Year high price. On Oct 29, 2015, the shares registered one year high at $20.28 and the one year low was seen on Sep 28, 2015. The 50-Day Moving Average price is $18.54 and the 200 Day Moving Average price is recorded at $17.52. Telecom Argentina Stet – France Telecom S.A. (NYSE:TEO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.57 and $18.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.68, notching a gain of 0.97% for the day. The total traded volume was 64,415 . The stock had closed at $18.50 on the previous day.

Telecom Argentina S.A. provides fixed-line telecommunications services and other telephone-related services, such as international long-distance service, data transmission, information technology (IT) solutions outsourcing and Internet services. The Company provides mobile telecommunications services and international wholesale services. It operates in three segments: Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services). Telecom Personal S.A. (Personal) is its subsidiary engaged in the provision of mobile telecommunication services in Argentina. Nucleo S.A. (Nucleo) is Personals subsidiary engaged in the provision of mobile telecommunication services in Paraguay. Personal Envios S.A. (Envios) is Nucleos subsidiary engaged in the provision of mobile financial services in Paraguay.

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