Telecom Argentina (NYSE:TEO - Get Free Report) announced its quarterly earnings results on Monday. The utilities provider reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of ($0.24) by $0.44, Zacks reports. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.08 billion. Telecom Argentina had a negative net margin of 1.91% and a negative return on equity of 1.26%.
Telecom Argentina Stock Down 0.8%
Shares of NYSE TEO traded down $0.09 during midday trading on Thursday, hitting $11.08. 153,097 shares of the company's stock were exchanged, compared to its average volume of 214,774. The firm's fifty day simple moving average is $10.38 and its 200-day simple moving average is $11.61. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market cap of $4.77 billion, a PE ratio of -61.55 and a beta of 1.28. Telecom Argentina has a twelve month low of $5.52 and a twelve month high of $15.54.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on TEO. Scotiabank lifted their price objective on Telecom Argentina from $4.50 to $8.20 and gave the company a "sector underperform" rating in a research note on Thursday. JPMorgan Chase & Co. raised shares of Telecom Argentina from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $10.00 to $13.00 in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group upped their target price on shares of Telecom Argentina from $8.30 to $9.50 and gave the stock a "sell" rating in a research note on Wednesday, April 23rd.
Get Our Latest Stock Analysis on TEO
About Telecom Argentina
(
Get Free Report)
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.
Featured Stories
Before you consider Telecom Argentina, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Telecom Argentina wasn't on the list.
While Telecom Argentina currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
