Telecom Argentina (TEO) Expected to Announce Quarterly Earnings on Monday

Telecom Argentina (NYSE:TEO) will likely be posting its quarterly earnings results before the market opens on Monday, March 10th. Analysts expect Telecom Argentina to post earnings of ($0.47) per share and revenue of $1.01 billion for the quarter.

Telecom Argentina (NYSE:TEO) last issued its earnings results on Friday, February 28th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.64. Telecom Argentina had a negative net margin of 1.91% and a negative return on equity of 1.26%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.19 billion. On average, analysts expect Telecom Argentina to post $1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Telecom Argentina Stock Performance

Shares of TEO stock opened at $11.39 on Friday. The company has a 50 day moving average price of $12.22 and a 200-day moving average price of $10.76. Telecom Argentina has a 52 week low of $5.52 and a 52 week high of $15.54. The firm has a market capitalization of $4.90 billion, a PE ratio of -63.25 and a beta of 0.99. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.31.

Analysts Set New Price Targets

Several brokerages recently issued reports on TEO. JPMorgan Chase & Co. upgraded shares of Telecom Argentina from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $10.00 to $13.00 in a research report on Tuesday, February 25th. The Goldman Sachs Group boosted their target price on shares of Telecom Argentina from $7.30 to $8.30 and gave the company a “sell” rating in a research report on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Telecom Argentina from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th.

Telecom Argentina Company Profile

Telecom Argentina SA, together with its subsidiaries, provides telecommunications services. The company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches.