Telecom Argentina (TEO) Director Andres Buys $19K of Stock
Director Heine Martin Andres purchased 7,000 shares of Telecom Argentina S.A. for $18,662.7.
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Heine Martin Andres, Director of Digital Growth and Fintech. at Telecom Argentina S.A. ($TEO), bought 7,000 shares at an average price of $2.67, worth about $18,662.70, on October 9, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $TEO is up 0.8% after 1 week and up 0.8% to date (from the $12.37 close on Oct 9, 2026).
TEO
Telecom Argentina S.A.
Key Points
- Heine Martin Andres bought 7,000 shares of Telecom Argentina S.A. at $2.67 each on October 9, 2026, totaling about $18,662.7.
- Telecom Argentina's stock recently traded around $12.47, while the company is set to report earnings on November 9, 2026.
- Analysts have mixed views on TEO, with Morgan Stanley recently upgrading its rating to 'Overweight' with a $17 price target.
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Heine Martin Andres, the Director of Digital Growth and Fintech at Telecom Argentina S.A. (NYSE: TEO), bought 7,000 shares on October 9, 2026, at a price of $2.67 per share, totaling about $18,662.7. This transaction was not part of a planned sale.
Inside Heine Martin Andres's Trade
Andres's recent purchase adds to his previous holdings, indicating confidence in the company's future. The value of this transaction reflects a commitment to the firm's direction.
Other Institutional Activity in Telecom Argentina
Several other institutional investors have made adjustments to their stakes in Telecom Argentina. SPX Gestao de Recursos Ltda holds about 2,320,411 shares worth approximately $28,935,525 after increasing its position by 1,587,704 shares. Mirae Asset Global ETFs Holdings Ltd. also added 126,031 shares, bringing its total to 2,038,489 shares valued at around $25,419,958. Capital Wealth Planning, LLC reported a 100% increase, now holding 947,500 shares worth roughly $11,815,325.
Telecom Argentina S.A. Stock Down 9.0%
As of October 16, 2026, Telecom Argentina's shares are trading around $12.47. This price is significant as it reflects a position above the recent trading range, following an upgrade from Morgan Stanley to a price target of $17 on June 24, 2026.
Recent Earnings
For the trailing twelve months, Telecom Argentina reported revenue of approximately $8.93 trillion and earnings per share (EPS) of $1.22. The company's next earnings report is scheduled for November 9, 2026.
Insider Buying and Selling at Telecom Argentina S.A.
On the same day as Andres's purchase, another insider, Alejandro Alberto Urricelqui, bought 38,890 shares at a price of $13.43 each, totaling about $522,293. These transactions indicate a positive outlook from the company's leadership.
Analysts Set New Price Targets
On June 24, 2026, Morgan Stanley upgraded Telecom Argentina to 'Overweight' with a new price target of $17, up from $13. JP Morgan maintained its 'Overweight' rating with a price target of $21 on September 4, 2026. Currently, the consensus recommendation for TEO reflects a positive outlook.
About Telecom Argentina
Telecom Argentina S.A. provides telecommunications services across Argentina and several neighboring countries. The company offers mobile services, internet access, and sells communication devices. Recent insider buying suggests confidence in the company's growth prospects.
Bottom Line
Investors should watch for the upcoming earnings report on November 9, 2026, as it may influence stock performance. The recent insider buying and upgrades from analysts indicate a potentially positive outlook for Telecom Argentina.
Related Filing Alerts
Source: Heine Martin Andres's Form 4 filing on $TEO (Oct 9, 2026). Find the original filing: TEO Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts