Telecom Argentina (TEO) to Release Quarterly Earnings on Monday

Telecom Argentina (NYSE:TEO - Get Free Report) is expected to be releasing its earnings data 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 Trading Down 5.0 %

TEO traded down $0.57 during mid-day trading on Monday, hitting $10.91. 181,250 shares of the stock were exchanged, compared to its average volume of 248,241. Telecom Argentina has a 1-year low of $5.52 and a 1-year high of $15.53. The firm's fifty day moving average is $12.35 and its two-hundred day moving average is $10.65. The company has a market cap of $4.70 billion, a PE ratio of -60.61 and a beta of 0.92. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.31.

Wall Street Analyst Weigh In

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