According to Zacks, “TELECOM ARGENTINA holds a license to provide basic telephone service and fixes telecommunications links in the northern region of the Argentine Republic. The Company contributes to the country´s economic and social development by means of incorporating the latest technological advances achieved to-date in the field of telecommunications world-wide. “
Several other research analysts have also commented on TEO. ValuEngine lowered Telecom Argentina from a buy rating to a hold rating in a research report on Wednesday, January 2nd. Santander upgraded Telecom Argentina from an underperform rating to a hold rating in a research note on Friday, December 21st. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of Hold.
Telecom Argentina (NYSE:TEO) last released its quarterly earnings data on Friday, March 8th. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of $0.54 by $0.96. Telecom Argentina had a return on equity of 0.33% and a net margin of 0.33%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.08 billion. Equities research analysts anticipate that Telecom Argentina will post 0.95 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in TEO. Alpine Global Management LLC acquired a new stake in shares of Telecom Argentina during the third quarter valued at about $192,000. Jane Street Group LLC acquired a new stake in shares of Telecom Argentina during the third quarter valued at about $270,000. Squarepoint Ops LLC acquired a new stake in shares of Telecom Argentina during the fourth quarter valued at about $341,000. Legal & General Group Plc acquired a new stake in shares of Telecom Argentina during the third quarter valued at about $452,000. Finally, Wells Fargo & Company MN grew its stake in shares of Telecom Argentina by 52.8% during the third quarter. Wells Fargo & Company MN now owns 36,813 shares of the utilities provider’s stock valued at $641,000 after acquiring an additional 12,717 shares in the last quarter. Institutional investors own 6.60% of the company’s stock.
About Telecom Argentina
Telecom Argentina SA, together with its subsidiaries, provides telecommunications services in Argentina and internationally. The company offers telephone services, including local, domestic, and international long-distance telephone services, as well as public telephone services; interconnection services, such as access, termination, and long-distance transport of calls; information and communication technology services comprising datacenter services, and telecommunications consulting and value-added solutions; and call waiting, call forwarding, conference calls, caller ID, voice mail, itemized billing, and maintenance services, as well as sells equipment.
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