Telecom Argentina (NYSE:TEO) Issues Quarterly Earnings Results, Beats Estimates By $0.25 EPS

Telecom Argentina (NYSE:TEO) announced its quarterly earnings data on Sunday. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.25, Yahoo Finance reports. Telecom Argentina had a negative return on equity of 3.73% and a negative net margin of 5.21%.

Shares of NYSE TEO opened at $6.96 on Monday. Telecom Argentina has a fifty-two week low of $6.22 and a fifty-two week high of $12.35. The firm’s 50-day simple moving average is $6.97 and its 200 day simple moving average is $7.97. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.30. The stock has a market cap of $3.00 billion, a P/E ratio of -12.43 and a beta of 0.42.

TEO has been the topic of several research analyst reports. Zacks Investment Research upgraded Telecom Argentina from a “sell” rating to a “hold” rating in a research note on Thursday, August 13th. ValuEngine upgraded Telecom Argentina from a “sell” rating to a “hold” rating in a research note on Monday, November 2nd. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $7.75.

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 traffic and interconnection resource, dedicated Internet access, video signals transportation in standard and high definitions, audio and video streaming, dedicated links, backhaul links for mobile operators, Internet protocol virtual private network, and data center hosting/housing services; and call waiting, call forwarding, conference calls, caller ID, voice mail, itemized billing, and maintenance services.

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Earnings History for Telecom Argentina (NYSE:TEO)

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