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

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

Telecom Argentina (NYSE:TEO) last announced its earnings results on Friday, February 28th. The utilities provider reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.47) by $0.64. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.19 billion. Telecom Argentina had a negative net margin of 1.91% and a negative return on equity of 1.26%. 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 Trading Up 1.4 %

Shares of TEO opened at $11.39 on Friday. The firm’s 50-day moving average price is $12.22 and its 200-day moving average price is $10.76. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of -63.25 and a beta of 0.99. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31. Telecom Argentina has a 1-year low of $5.52 and a 1-year high of $15.54.

Analyst Ratings Changes

TEO has been the topic of a number of research reports. StockNews.com raised shares of Telecom Argentina from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Telecom Argentina from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $10.00 to $13.00 in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group lifted their target price on shares of Telecom Argentina from $7.30 to $8.30 and gave the company a “sell” rating in a research note on Wednesday, November 20th.

About Telecom Argentina

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.