View ValuationTelecom Argentina 향후 성장Future 기준 점검 3/6Telecom Argentina (는) 각각 연간 24.4% 및 6.7% 수익과 수익이 증가할 것으로 예상됩니다.핵심 정보24.4%이익 성장률n/aEPS 성장률Telecom 이익 성장21.7%매출 성장률6.7%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트07 May 2026최근 향후 성장 업데이트Major Estimate Revision • Aug 19Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from AR$518.3b to AR$504.0b. EPS estimate also fell from AR$7.04 per share to AR$6.09 per share. Net income forecast to shrink 67% next year vs 50% growth forecast for Telecom industry in Argentina . Consensus price target up from AR$275 to AR$325. Share price rose 2.7% to AR$271 over the past week.Major Estimate Revision • May 21Consensus EPS estimates have been upgraded.The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from AR$466.6b to AR$512.5b. Forecast to become profitable, with EPS estimate increasing from -AR$1.78 to AR$7.04 per share. Telecom industry in Argentina expected to see average net income growth of 24% next year. Consensus price target of AR$275 unchanged from last update. Share price fell 2.6% to AR$215 over the past week.Major Estimate Revision • Apr 14Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from AR$510.4b to AR$438.2b. EPS estimate unchanged from -AR$1.78 per share at last update. Telecom industry in Argentina expected to see average net income growth of 103% next year. Consensus price target of AR$275 unchanged from last update. Share price was steady at AR$240 over the past week.Price Target Changed • Nov 28Price target raised to AR$203Up from AR$178, the current price target is an average from 6 analysts. The new target price is 15% below the current share price of AR$239. As of last close, the stock is up 56% over the past year.모든 업데이트 보기Recent updates공지 • May 07Telecom Argentina S.A. to Report Q1, 2026 Results on May 11, 2026Telecom Argentina S.A. announced that they will report Q1, 2026 results at 5:00 PM, Argentina Standard Time on May 11, 2026Reported Earnings • Mar 12Full year 2025 earnings released: AR$78.94 loss per share (vs AR$573 profit in FY 2024)Full year 2025 results: AR$78.94 loss per share (down from AR$573 profit in FY 2024). Revenue: AR$8.33t (up 65% from FY 2024). Net loss: AR$170.0b (down 114% from profit in FY 2024). Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth.공지 • Mar 11Telecom Argentina S.A., Annual General Meeting, Apr 29, 2026Telecom Argentina S.A., Annual General Meeting, Apr 29, 2026. Location: the registered office of general hornos, 690 ground floor autonomous, buenos aires Argentina공지 • Mar 05Telecom Argentina S.A. to Report Q4, 2025 Results on Mar 10, 2026Telecom Argentina S.A. announced that they will report Q4, 2025 results on Mar 10, 2026New Risk • Feb 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.공지 • Feb 12Telecom Argentina S.A. has completed a Follow-on Equity Offering in the amount of $45.163621 million.Telecom Argentina S.A. has completed a Follow-on Equity Offering in the amount of $45.163621 million. Security Name: American Depositary Shares Security Type: Depositary Receipt (Common Stock) Securities Offered: 4,050,549 Price\Range: $11.15Buy Or Sell Opportunity • Jan 14Now 22% undervaluedOver the last 90 days, the stock has risen 45% to AR$3,315. The fair value is estimated to be AR$4,262, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Nov 14Third quarter 2025 earnings released: AR$93.03 loss per share (vs AR$7.60 loss in 3Q 2024)Third quarter 2025 results: AR$93.03 loss per share (further deteriorated from AR$7.60 loss in 3Q 2024). Revenue: AR$2.07t (up 110% from 3Q 2024). Net loss: AR$200.4b (loss widened AR$184.0b from 3Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 139% per year, which means it is tracking significantly ahead of earnings growth.공지 • Nov 04Telecom Argentina S.A. to Report Q3, 2025 Results on Nov 10, 2025Telecom Argentina S.A. announced that they will report Q3, 2025 results on Nov 10, 2025New Risk • Sep 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 14Second quarter 2025 earnings released: AR$82.75 loss per share (vs AR$35.35 profit in 2Q 2024)Second quarter 2025 results: AR$82.75 loss per share (down from AR$35.35 profit in 2Q 2024). Revenue: AR$1.91t (up 60% from 2Q 2024). Net loss: AR$178.2b (down 334% from profit in 2Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth.공지 • Aug 05Telecom Argentina S.A. to Report Q2, 2025 Results on Aug 11, 2025Telecom Argentina S.A. announced that they will report Q2, 2025 results at 5:00 PM, Argentina Standard Time on Aug 11, 2025New Risk • May 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (1.2% net profit margin).Reported Earnings • May 15First quarter 2025 earnings released: EPS: AR$41.35 (vs AR$487 in 1Q 2024)First quarter 2025 results: EPS: AR$41.35 (down from AR$487 in 1Q 2024). Revenue: AR$1.36t (up 28% from 1Q 2024). Net income: AR$89.1b (down 92% from 1Q 2024). Profit margin: 6.5% (down from 98% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 128% per year, which means it is tracking significantly ahead of earnings growth.공지 • May 08Telecom Argentina S.A. to Report Q1, 2025 Results on May 12, 2025Telecom Argentina S.A. announced that they will report Q1, 2025 results on May 12, 2025Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to AR$3,000, the stock trades at a trailing P/E ratio of 6.4x. Average forward P/E is 13x in the Telecom industry in South America. Total returns to shareholders of 1,148% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AR$1,219 per share.공지 • Mar 03Telecom Argentina S.A., Annual General Meeting, Apr 01, 2025Telecom Argentina S.A., Annual General Meeting, Apr 01, 2025. Location: the registered office of general hornos, 690 ground floor autonomous, buenos aires ArgentinaReported Earnings • Mar 02Full year 2024 earnings released: EPS: AR$470 (vs AR$120 loss in FY 2023)Full year 2024 results: EPS: AR$470 (up from AR$120 loss in FY 2023). Revenue: AR$4.14t (up 101% from FY 2023). Net income: AR$1.01t (up AR$1.27t from FY 2023). Profit margin: 25% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has increased by 136% per year, which means it is tracking significantly ahead of earnings growth.공지 • Feb 28Telecom Argentina S.A. to Report Q4, 2024 Results on Feb 27, 2025Telecom Argentina S.A. announced that they will report Q4, 2024 results on Feb 27, 2025공지 • Feb 26Telecom Argentina S.A. (BASE:TECO2) acquired 99.99% stake in Telefónica Móviles Argentina S.A. from Telefónica Hispanoamerica S.A. for $1.3 billion.Telecom Argentina S.A. (BASE:TECO2) acquired 99.99% stake in Telefónica Móviles Argentina S.A. from Telefónica Hispanoamerica S.A. for $1.3 billion on February 24, 2025. A cash consideration of $1.25 billion will be paid by Telecom Argentina S.A. As part of consideration, $1.25 billion is paid towards common equity of Telefónica Móviles Argentina S.A. Telecom Argentina acquired 86,460,983,849 ordinary shares of Telefónica Móviles Argentina S.A., representing 99.999625% of its capital. The total consideration involved in this transaction was $1,245 (including a net cash position held by the acquired company) million and which was financed through two loans for a total amount of $1,170 million from A Syndicated Loan granted by Banco Bilbao Vizcaya Argentaria S.A., Deutsche Bank Ag, London Branch and Banco Santander, S.A and A Bilateral Loan granted by Industrial and Commercial Bank of China (Argentina) S.A.U. The transaction valued at $1,245 million is part of the Group's strategy to reduce its exposure to the region and continue operating in a sustainable manner to build value for its shareholders. The signing and closing of the transaction took place simultaneously. Banco Bilbao Vizcaya Argentaria S.A has acted as financial advisor to the Company for the purchase of the stake of Telefónica Móviles Argentina S.A. Telecom Argentina S.A. (BASE:TECO2) completed the acquisition of 99.99% stake in Telefónica Móviles Argentina S.A. from Telefónica Hispanoamerica S.A. on February 24, 2025.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to AR$2,925, the stock trades at a trailing P/E ratio of 14.7x. Average forward P/E is 14x in the Telecom industry in South America. Total returns to shareholders of 1,241% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AR$1,384 per share.공지 • Feb 13Telecom Argentina S.A. Announces It Was Notified of the Complaint Filed in the Proceedings Before the National First Instance Court in Commercial Matters No. 8, Secretary No. 15Telecom Argentina S.A. announced that the Company was notified of a complaint filed in the abovementioned proceedings before the National First Instance Court in Commercial Matters No. 8, Secretary No. 15. The action brought by Proconsumer seeks, mainly, that Telecom: 1) cease its alleged breach of the conditions, modalities, and other circumstances under which the services it offers have been offered, advertised, and/or agreed upon, particularly the “recording content” service provided through the Flow platform, in alleged violation of sections 7 and 9 of the Argentine Consumer Defense Law (“LDC”); 2) cease offering consumers services on its digital platform whose information is allegedly not provided in a true, clear, and detailed manner (section 4 of the LDC and sections 1100 and 1107 of the Argentine Civil and Commercial Code); 3) cease charging customers sums of money for the abovementioned services; and 4) reimburse the sums of money to the customers who contracted and paid for the aforementioned Flow services for the period of five years prior to the filing of this complaint and until the effective cessation of the alleged conduct. The Company, with the assistance of its legal counsel, will defend its interests within the framework of this action.Reported Earnings • Nov 12Third quarter 2024 earnings released: AR$7.60 loss per share (vs AR$14.07 profit in 3Q 2023)Third quarter 2024 results: AR$7.60 loss per share (down from AR$14.07 profit in 3Q 2023). Revenue: AR$983.1b (up 195% from 3Q 2023). Net loss: AR$16.4b (down 154% from profit in 3Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 123% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improves as stock rises 19%After last week's 19% share price gain to AR$2,375, the stock trades at a trailing P/E ratio of 11.3x. Average forward P/E is 13x in the Telecom industry in South America. Total returns to shareholders of 952% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AR$995 per share.공지 • Nov 05Telecom Argentina S.A. to Report Q3, 2024 Results on Nov 07, 2024Telecom Argentina S.A. announced that they will report Q3, 2024 results on Nov 07, 2024Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: AR$25.36 (vs AR$7.73 in 2Q 2023)Second quarter 2024 results: EPS: AR$25.36 (up from AR$7.73 in 2Q 2023). Revenue: AR$856.1b (up 98% from 2Q 2023). Net income: AR$54.6b (up 228% from 2Q 2023). Profit margin: 6.4% (up from 3.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth.공지 • Aug 07Telecom Argentina S.A. to Report Q2, 2024 Results on Aug 12, 2024Telecom Argentina S.A. announced that they will report Q2, 2024 results on Aug 12, 2024Valuation Update With 7 Day Price Move • Jul 18Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to AR$1,730, the stock trades at a trailing P/E ratio of 12.1x. Average forward P/E is 15x in the Telecom industry in South America. Total returns to shareholders of 851% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AR$1,500 per share.New Risk • May 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 67% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 67% per year for the foreseeable future. Minor Risk High level of debt (50% net debt to equity).공지 • May 05Telecom Argentina S.A. to Report Q1, 2024 Results on May 08, 2024Telecom Argentina S.A. announced that they will report Q1, 2024 results on May 08, 2024공지 • Mar 22Telecom Argentina S.A., Annual General Meeting, Apr 25, 2024Telecom Argentina S.A., Annual General Meeting, Apr 25, 2024, at 14:00 Coordinated Universal Time. Location: General Hornos N 690, Ground Floor, City of Buenos Aires Buenos Aries Argentina Agenda: To discuss, among other items, the accounting documentation corresponding to the fiscal year ended December 31, 2023; to Consider the performance of Members of the Board of Directors and Members of the Supervisory Committee who have served during Fiscal Year 2023; to Consider the compensation for the Members of the Board of Directors (allocated amount: AR$ 889,453,418) for the fiscal year ended December 31, 2023, which reported a computable loss according to the terms of the CNV Rules; and to discuss other matters.Reported Earnings • Mar 13Full year 2023 earnings released: AR$120 loss per share (vs AR$96.50 loss in FY 2022)Full year 2023 results: AR$120 loss per share (further deteriorated from AR$96.50 loss in FY 2022). Revenue: AR$2.06t (up 182% from FY 2022). Net loss: AR$257.7b (loss widened 24% from FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 103% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to AR$1,338, the stock trades at a trailing P/E ratio of 10.8x. Average forward P/E is 11x in the Telecom industry in South America. Total returns to shareholders of 683% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AR$577 per share.공지 • Mar 06Telecom Argentina S.A. to Report Q4, 2023 Results on Mar 11, 2024Telecom Argentina S.A. announced that they will report Q4, 2023 results on Mar 11, 2024Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to AR$1,733, the stock trades at a trailing P/E ratio of 14x. Average forward P/E is 9x in the Telecom industry in South America. Total returns to shareholders of 789% over the past three years.공지 • Feb 06Telecom Argentina S.A. Announces Resignation of Luciano Nicolás Giménez as Alternate Member of the Supervisory CommitteeTelecom Argentina S.A. announced that the company received the resignation letter from the alternate member of the supervisory committee Luciano Nicolás Giménez, effective as of February 5, 2024, due to personal reasons.Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 27%After last week's 27% share price gain to AR$1,933, the stock trades at a trailing P/E ratio of 15.6x. Average forward P/E is 10x in the Telecom industry in South America. Total returns to shareholders of 886% over the past three years.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 19%After last week's 19% share price gain to AR$1,647, the stock trades at a trailing P/E ratio of 13.3x. Average forward P/E is 10x in the Telecom industry in South America. Total returns to shareholders of 724% over the past three years.New Risk • Dec 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings are forecast to decline by an average of 7.3% per year for the foreseeable future. Minor Risks High level of debt (48% net debt to equity). Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improves as stock rises 45%After last week's 45% share price gain to AR$1,341, the stock trades at a trailing P/E ratio of 10.8x. Average forward P/E is 10x in the Telecom industry in South America. Total returns to shareholders of 475% over the past three years.New Risk • Nov 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Argentinean stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks High level of debt (48% net debt to equity). Large one-off items impacting financial results.Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: AR$14.07 (vs AR$94.26 loss in 3Q 2022)Third quarter 2023 results: EPS: AR$14.07 (up from AR$94.26 loss in 3Q 2022). Revenue: AR$333.4b (up 125% from 3Q 2022). Net income: AR$30.3b (up AR$233.3b from 3Q 2022). Profit margin: 9.1% (up from net loss in 3Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 69% per year, which means it is well ahead of earnings.공지 • Nov 04Telecom Argentina S.A. to Report Q3, 2023 Results on Nov 09, 2023Telecom Argentina S.A. announced that they will report Q3, 2023 results on Nov 09, 2023Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: AR$1.61 (vs AR$4.89 in 2Q 2022)Second quarter 2023 results: EPS: AR$1.61 (down from AR$4.89 in 2Q 2022). Revenue: AR$251.4b (up 36% from 2Q 2022). Net income: AR$3.47b (down 67% from 2Q 2022). Profit margin: 1.4% (down from 5.7% in 2Q 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Telecom industry in South America. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 146 percentage points per year, which is a significant difference in performance.Reported Earnings • May 11First quarter 2023 earnings released: EPS: AR$12.89 (vs AR$12.81 in 1Q 2022)First quarter 2023 results: EPS: AR$12.89 (up from AR$12.81 in 1Q 2022). Revenue: AR$214.8b (up 56% from 1Q 2022). Net income: AR$27.8b (flat on 1Q 2022). Profit margin: 13% (down from 20% in 1Q 2022). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Telecom industry in South America. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 143 percentage points per year, which is a significant difference in performance.공지 • May 04Telecom Argentina S.A. to Report Q1, 2023 Results on May 09, 2023Telecom Argentina S.A. announced that they will report Q1, 2023 results on May 09, 2023Reported Earnings • Mar 12Full year 2022 earnings released: EPS: AR$370 (vs AR$4.02 in FY 2021)Full year 2022 results: EPS: AR$370 (up from AR$4.02 in FY 2021). Revenue: AR$729.2b (up 71% from FY 2021). Net income: AR$796.3b (up AR$787.7b from FY 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.공지 • Feb 14Telecom Argentina S.A. Announces Demise of Germán Horacio Vidal, Member of Board of Directors, Member of the Audit Committee and Executive CommitteeTelecom Argentina S.A. informed that on February 11, 2023, Engr. Germán Horacio Vidal, member of Telecom Argentina’s Board of Directors and member of the Company’s Audit Committee and Executive Committee, passed away.공지 • Nov 18Sebastian Bardengo Submits His Resignation as Member of the Board of Directors and Member of the Executive Committee Telecom Argentina S.ATelecom Argentina S.A. received a letter from Mr. Sebastian Bardengo addressed to the Chairman of the Board of Directors notifying that, due to personal reasons, he submits his resignation as member of the Board of Directors and member of the Executive Committee of Telecom Argentina effective as from midnight December 31, 2022.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Eduardo de Pedro was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 11Third quarter 2022 earnings released: AR$94.26 loss per share (vs AR$1.18 profit in 3Q 2021)Third quarter 2022 results: AR$94.26 loss per share (down from AR$1.18 profit in 3Q 2021). Revenue: AR$148.2b (up 54% from 3Q 2021). Net loss: AR$203.0b (down AR$205.6b from profit in 3Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.공지 • Nov 04Telecom Argentina S.A. to Report Q3, 2022 Results on Nov 09, 2022Telecom Argentina S.A. announced that they will report Q3, 2022 results on Nov 09, 2022Major Estimate Revision • Aug 19Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from AR$518.3b to AR$504.0b. EPS estimate also fell from AR$7.04 per share to AR$6.09 per share. Net income forecast to shrink 67% next year vs 50% growth forecast for Telecom industry in Argentina . Consensus price target up from AR$275 to AR$325. Share price rose 2.7% to AR$271 over the past week.Reported Earnings • Aug 11Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: AR$1.70 (up from AR$5.52 loss in 2Q 2021). Revenue: AR$126.9b (up 21% from 2Q 2021). Net income: AR$3.66b (up AR$15.6b from 2Q 2021). Profit margin: 2.9% (up from net loss in 2Q 2021). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 27%, compared to a 10% growth forecast for the industry in Argentina. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.공지 • Aug 03Telecom Argentina S.A. to Report Q2, 2022 Results on Aug 09, 2022Telecom Argentina S.A. announced that they will report Q2, 2022 results on Aug 09, 2022Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 17% share price gain to AR$283, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 8x in the Telecom industry in South America. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AR$357 per share.공지 • Jun 03Telecom Argentina S.A. (BASE:TECO2) acquired Negocios y Servicios S.A.Telecom Argentina S.A. (BASE:TECO2) acquired Negocios y Servicios S.A on June 1, 2022. Telecom Argentina S.A. (BASE:TECO2) completed the acquisition of Negocios y Servicios S.A on June 1, 2022.Major Estimate Revision • May 21Consensus EPS estimates have been upgraded.The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from AR$466.6b to AR$512.5b. Forecast to become profitable, with EPS estimate increasing from -AR$1.78 to AR$7.04 per share. Telecom industry in Argentina expected to see average net income growth of 24% next year. Consensus price target of AR$275 unchanged from last update. Share price fell 2.6% to AR$215 over the past week.Reported Earnings • May 13First quarter 2022 earnings released: EPS: AR$10.92 (vs AR$4.51 in 1Q 2021)First quarter 2022 results: EPS: AR$10.92 (up from AR$4.51 in 1Q 2021). Revenue: AR$117.4b (up 28% from 1Q 2021). Net income: AR$23.5b (up 143% from 1Q 2021). Profit margin: 20% (up from 11% in 1Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 9.1% growth forecast for the industry in Argentina. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Eduardo de Pedro was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Major Estimate Revision • Apr 14Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from AR$510.4b to AR$438.2b. EPS estimate unchanged from -AR$1.78 per share at last update. Telecom industry in Argentina expected to see average net income growth of 103% next year. Consensus price target of AR$275 unchanged from last update. Share price was steady at AR$240 over the past week.Reported Earnings • Mar 11Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: AR$251 (up from AR$2.65 loss in FY 2020). Revenue: AR$425.5b (up 41% from FY 2020). Net income: AR$541.4b (up AR$547.1b from FY 2020). Revenue missed analyst estimates by 1.3%. Over the next year, revenue is expected to shrink by 5.4% compared to a 16% growth forecast for the industry in Argentina. Over the last 3 years on average, earnings per share has increased by 141% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.공지 • Mar 04Telecom Argentina S.A. to Report Q4, 2021 Results on Mar 09, 2022Telecom Argentina S.A. announced that they will report Q4, 2021 results on Mar 09, 2022Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS AR$1.10 (vs AR$1.64 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: AR$113.0b (up 69% from 3Q 2020). Net income: AR$2.36b (up AR$5.89b from 3Q 2020). Profit margin: 2.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.Reported Earnings • Aug 08Second quarter 2021 earnings released: AR$4.99 loss per share (vs AR$0.38 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: AR$97.5b (up 30% from 2Q 2020). Net loss: AR$10.7b (loss widened AR$9.94b from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.Reported Earnings • May 19First quarter 2021 earnings released: EPS AR$4.06 (vs AR$1.69 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: AR$82.5b (down 7.8% from 1Q 2020). Net income: AR$8.74b (up 140% from 1Q 2020). Profit margin: 11% (up from 4.1% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.공지 • May 15Telecom Argentina S.A. Announces Three Month Periods Ended March 31, 2021Telecom Argentina S.A. announced three month periods ended March 31, 2021. For the period the company reported Impairment of fixed assets was ARS 73 million compared to ARS 97 million a year ago.Reported Earnings • Mar 11Full year 2020 earnings released: AR$2.65 loss per share (vs AR$2.04 loss in FY 2019)The company reported a mediocre full year result with increased losses, although control over costs was stable and revenues improved. Full year 2020 results: Revenue: AR$301.6b (up 27% from FY 2019). Net loss: AR$5.72b (loss widened 30% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 78% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.공지 • Feb 27Telecom Argentina S.A. to Report Q4, 2020 Results on Mar 09, 2021Telecom Argentina S.A. announced that they will report Q4, 2020 results After-Market on Mar 09, 2021Is New 90 Day High Low • Feb 20New 90-day low: AR$180The company is down 17% from its price of AR$216 on 20 November 2020. The Argentinean market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AR$153 per share.공지 • Feb 02Telecom Argentina S.A. Announces Notice of Rejection of Preliminary Injunction in the Case Telecom Argentina S.A. a/EN-Enacom and other re. Preliminary Injunction (Autonomous)” (Docket CAF N° 12,881/2020)Telecom Argentina S.A. announced that on Friday January 29th the Company was served with notice of the rejection of a preliminary injunction requested by the Company in the abovementioned case pending before the Federal Contentious Administrative Court acting in the judicial recess period, by means of which injunction the Company had requested the suspension of articles 1,2 3, 4 and 5 of Decree 690/20, as it considers they are in violation of the National Constitution and the provisions of article 30 of the Inter-American Convention on Human Rights. The preliminary injunction was rejected by the Federal Judge Walter Lara Correa as he considered that, in his opinion, the two conditions for the granting of said measure were not met, since the absence of one (condition) prevents the granting [of the requested injunction]. The Company, assisted by its legal counsel, will adopt all necessary legal actions to protect its rights.Is New 90 Day High Low • Jan 04New 90-day low: AR$187The company is down 11% from its price of AR$211 on 06 October 2020. The Argentinean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AR$151 per share.Valuation Update With 7 Day Price Move • Dec 23Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to AR$197, the stock is trading at a trailing P/E ratio of 36.5x, down from the previous P/E ratio of 43x. This compares to an average P/E of 26x in the Telecom industry in South America. Total returns to shareholders over the past year are 18%.Price Target Changed • Nov 28Price target raised to AR$203Up from AR$178, the current price target is an average from 6 analysts. The new target price is 15% below the current share price of AR$239. As of last close, the stock is up 56% over the past year.Analyst Estimate Surprise Post Earnings • Nov 14Revenue and earnings miss expectationsRevenue missed analyst estimates by 2.7%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 30%, compared to a 7.5% growth forecast for the Telecom industry in Argentina.Reported Earnings • Nov 11Third quarter 2020 earnings released: AR$1.57 loss per shareThe company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: AR$77.1b (up 45% from 3Q 2019). Net loss: AR$3.39b (loss narrowed 83% from 3Q 2019).공지 • Nov 05Telecom Argentina S.A. to Report Nine Months, 2020 Results on Nov 09, 2020Telecom Argentina S.A. announced that they will report nine months, 2020 results on Nov 09, 2020공지 • Oct 17+ 1 more updateTelecom Argentina S.A. Announces Settlement Agreement in the Case PROCONSUMER C/ TELECOM PERSONAL Re. Legal Proceeding (Proceso De Conocimiento) (Docket 27318/2011, Formerly, Docket 98011)Telecom Argentina S.A. announced settlement agreement in the case PROCONSUMER C/TELECOM PERSONAL re. Legal Proceeding (proceso de conocimiento) (Docket 27318/2011, formerly, Docket 98011). Telecom Argentina S.A. as the surviving company by merger of Telecom Personal S.A., as an update to the relevant matter submitted on September 26, 2012, in which Telecom Personal reported a complaint filed by Asociación Protección Consumidores del Mercado Común del Sur-Proconsumer (Proconsumer) in the aforementioned case, before the National Court of First Instance on Commercial Matters No. 1 Secretariat No. 2 of the city of Buenos Aires. In this respect, October 8, 2020 the court granted judicial approval to the settlement agreement, without recognizing facts or rights, entered into between Proconsumer and Telecom Argentina, pursuant to the terms of section 54 of the Consumer Defense Law No. 24,240. Said settlement agreement provides the payment of a total amount by Telecom Argentina of fifty-five million Argentine pesos (ARS 55,000,000), plus fees, case expenses and certain advertising commitments undertaken by the company.Is New 90 Day High Low • Oct 15New 90-day high: AR$238The company is up 10.0% from its price of AR$217 on 17 July 2020. The Argentinean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AR$175 per share.공지 • Aug 13Telecom Argentina S.A. to Report First Half, 2020 Results on Aug 14, 2020Telecom Argentina S.A. announced that they will report first half, 2020 results on Aug 14, 2020이익 및 매출 성장 예측BASE:TECO2 - 애널리스트 향후 추정치 및 과거 재무 데이터 (ARS Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20289,367,888321,2971,220,6232,549,930212/31/202710,650,893315,1601,266,6862,359,493412/31/20269,135,112806,15389,3182,179,554412/31/20258,328,814-170,006895,2232,385,858N/A9/30/20256,001,992-513,476617,2661,476,748N/A6/30/20255,232,139-334,670447,8001,040,146N/A3/31/20254,452,372-4,463349,526818,043N/A12/31/20245,442,9581,331,805548,9371,067,513N/A9/30/20245,057,043424,252118,5991,032,335N/A6/30/20244,791,903539,427233,0801,304,981N/A3/31/20244,626,611422,381353,1361,406,001N/A12/31/20235,898,611-738,306441,7001,769,491N/A9/30/20234,333,607-3,115693,1571,299,054N/A6/30/20233,656,615-580,452513,0451,001,518N/A3/31/20232,961,829-579,042390,740797,518N/A12/31/20226,030,998-1,718,966757,1931,770,170N/A9/30/20221,414,799-376,640161,724399,043N/A6/30/20221,237,748111,745134,438324,239N/A3/31/2022975,45260,467113,848285,646N/A12/31/20212,581,04352,559327,013788,796N/A9/30/2021674,005-5,46384,324207,020N/A6/30/2021600,020-15,49971,452172,249N/A3/31/2021506,0883,24481,695170,601N/A12/31/2020886,765-16,803134,050293,882N/A9/30/2020421,9809,18767,580144,776N/A6/30/2020392,345-13,26660,611135,981N/A3/31/2020352,753-3,87640,461111,537N/A12/31/2019487,067-9,03463,976168,361N/A9/30/2019298,8022,223N/A88,890N/A6/30/2019283,69114,570N/A71,861N/A3/31/2019274,452-2,378N/A61,182N/A12/31/2018351,94811,089N/A70,383N/A9/30/2018214,769-6,530N/A52,158N/A6/30/2018167,87010,310N/A43,315N/A3/31/2018110,55020,305N/A33,725N/A12/31/2017102,53114,969N/A35,096N/A9/30/201738,1125,345N/A13,074N/A6/30/201735,5625,122N/A12,517N/A3/31/201732,9364,729N/A11,286N/A12/31/201660,40510,457N/A25,984N/A9/30/201627,7393,252N/A8,855N/A6/30/201625,1362,958N/A7,471N/A3/31/201622,6352,829N/A6,789N/A12/31/201520,1252,473N/A6,510N/A9/30/201518,6672,953N/A5,645N/A6/30/201517,0662,567N/A5,252N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: TECO2 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(8.9%)보다 빠른 성장으로 간주됩니다.수익 vs 시장: TECO2 (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.고성장 수익: TECO2 향후 3년 내에 수익을 낼 것으로 예상됩니다.수익 대 시장: TECO2 의 수익(연간 6.7%)이 AR 시장(연간 13.4%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: TECO2 의 수익(연간 6.7%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: TECO2의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YTelecom 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/07 23:32종가2026/05/07 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Telecom Argentina S.A.는 10명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Rodrigo VillanuevaBofA Global ResearchFernan GonzalezBTG PactualCarlos Palhares SequeiraBTG Pactual7명의 분석가 더 보기
Major Estimate Revision • Aug 19Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from AR$518.3b to AR$504.0b. EPS estimate also fell from AR$7.04 per share to AR$6.09 per share. Net income forecast to shrink 67% next year vs 50% growth forecast for Telecom industry in Argentina . Consensus price target up from AR$275 to AR$325. Share price rose 2.7% to AR$271 over the past week.
Major Estimate Revision • May 21Consensus EPS estimates have been upgraded.The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from AR$466.6b to AR$512.5b. Forecast to become profitable, with EPS estimate increasing from -AR$1.78 to AR$7.04 per share. Telecom industry in Argentina expected to see average net income growth of 24% next year. Consensus price target of AR$275 unchanged from last update. Share price fell 2.6% to AR$215 over the past week.
Major Estimate Revision • Apr 14Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from AR$510.4b to AR$438.2b. EPS estimate unchanged from -AR$1.78 per share at last update. Telecom industry in Argentina expected to see average net income growth of 103% next year. Consensus price target of AR$275 unchanged from last update. Share price was steady at AR$240 over the past week.
Price Target Changed • Nov 28Price target raised to AR$203Up from AR$178, the current price target is an average from 6 analysts. The new target price is 15% below the current share price of AR$239. As of last close, the stock is up 56% over the past year.
공지 • May 07Telecom Argentina S.A. to Report Q1, 2026 Results on May 11, 2026Telecom Argentina S.A. announced that they will report Q1, 2026 results at 5:00 PM, Argentina Standard Time on May 11, 2026
Reported Earnings • Mar 12Full year 2025 earnings released: AR$78.94 loss per share (vs AR$573 profit in FY 2024)Full year 2025 results: AR$78.94 loss per share (down from AR$573 profit in FY 2024). Revenue: AR$8.33t (up 65% from FY 2024). Net loss: AR$170.0b (down 114% from profit in FY 2024). Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Mar 11Telecom Argentina S.A., Annual General Meeting, Apr 29, 2026Telecom Argentina S.A., Annual General Meeting, Apr 29, 2026. Location: the registered office of general hornos, 690 ground floor autonomous, buenos aires Argentina
공지 • Mar 05Telecom Argentina S.A. to Report Q4, 2025 Results on Mar 10, 2026Telecom Argentina S.A. announced that they will report Q4, 2025 results on Mar 10, 2026
New Risk • Feb 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
공지 • Feb 12Telecom Argentina S.A. has completed a Follow-on Equity Offering in the amount of $45.163621 million.Telecom Argentina S.A. has completed a Follow-on Equity Offering in the amount of $45.163621 million. Security Name: American Depositary Shares Security Type: Depositary Receipt (Common Stock) Securities Offered: 4,050,549 Price\Range: $11.15
Buy Or Sell Opportunity • Jan 14Now 22% undervaluedOver the last 90 days, the stock has risen 45% to AR$3,315. The fair value is estimated to be AR$4,262, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Nov 14Third quarter 2025 earnings released: AR$93.03 loss per share (vs AR$7.60 loss in 3Q 2024)Third quarter 2025 results: AR$93.03 loss per share (further deteriorated from AR$7.60 loss in 3Q 2024). Revenue: AR$2.07t (up 110% from 3Q 2024). Net loss: AR$200.4b (loss widened AR$184.0b from 3Q 2024). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 139% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Nov 04Telecom Argentina S.A. to Report Q3, 2025 Results on Nov 10, 2025Telecom Argentina S.A. announced that they will report Q3, 2025 results on Nov 10, 2025
New Risk • Sep 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Argentinean stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 14Second quarter 2025 earnings released: AR$82.75 loss per share (vs AR$35.35 profit in 2Q 2024)Second quarter 2025 results: AR$82.75 loss per share (down from AR$35.35 profit in 2Q 2024). Revenue: AR$1.91t (up 60% from 2Q 2024). Net loss: AR$178.2b (down 334% from profit in 2Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 112% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Aug 05Telecom Argentina S.A. to Report Q2, 2025 Results on Aug 11, 2025Telecom Argentina S.A. announced that they will report Q2, 2025 results at 5:00 PM, Argentina Standard Time on Aug 11, 2025
New Risk • May 15New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 0.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Earnings are forecast to decline by an average of 22% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (1.2% net profit margin).
Reported Earnings • May 15First quarter 2025 earnings released: EPS: AR$41.35 (vs AR$487 in 1Q 2024)First quarter 2025 results: EPS: AR$41.35 (down from AR$487 in 1Q 2024). Revenue: AR$1.36t (up 28% from 1Q 2024). Net income: AR$89.1b (down 92% from 1Q 2024). Profit margin: 6.5% (down from 98% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 128% per year, which means it is tracking significantly ahead of earnings growth.
공지 • May 08Telecom Argentina S.A. to Report Q1, 2025 Results on May 12, 2025Telecom Argentina S.A. announced that they will report Q1, 2025 results on May 12, 2025
Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to AR$3,000, the stock trades at a trailing P/E ratio of 6.4x. Average forward P/E is 13x in the Telecom industry in South America. Total returns to shareholders of 1,148% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AR$1,219 per share.
공지 • Mar 03Telecom Argentina S.A., Annual General Meeting, Apr 01, 2025Telecom Argentina S.A., Annual General Meeting, Apr 01, 2025. Location: the registered office of general hornos, 690 ground floor autonomous, buenos aires Argentina
Reported Earnings • Mar 02Full year 2024 earnings released: EPS: AR$470 (vs AR$120 loss in FY 2023)Full year 2024 results: EPS: AR$470 (up from AR$120 loss in FY 2023). Revenue: AR$4.14t (up 101% from FY 2023). Net income: AR$1.01t (up AR$1.27t from FY 2023). Profit margin: 25% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has increased by 136% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Feb 28Telecom Argentina S.A. to Report Q4, 2024 Results on Feb 27, 2025Telecom Argentina S.A. announced that they will report Q4, 2024 results on Feb 27, 2025
공지 • Feb 26Telecom Argentina S.A. (BASE:TECO2) acquired 99.99% stake in Telefónica Móviles Argentina S.A. from Telefónica Hispanoamerica S.A. for $1.3 billion.Telecom Argentina S.A. (BASE:TECO2) acquired 99.99% stake in Telefónica Móviles Argentina S.A. from Telefónica Hispanoamerica S.A. for $1.3 billion on February 24, 2025. A cash consideration of $1.25 billion will be paid by Telecom Argentina S.A. As part of consideration, $1.25 billion is paid towards common equity of Telefónica Móviles Argentina S.A. Telecom Argentina acquired 86,460,983,849 ordinary shares of Telefónica Móviles Argentina S.A., representing 99.999625% of its capital. The total consideration involved in this transaction was $1,245 (including a net cash position held by the acquired company) million and which was financed through two loans for a total amount of $1,170 million from A Syndicated Loan granted by Banco Bilbao Vizcaya Argentaria S.A., Deutsche Bank Ag, London Branch and Banco Santander, S.A and A Bilateral Loan granted by Industrial and Commercial Bank of China (Argentina) S.A.U. The transaction valued at $1,245 million is part of the Group's strategy to reduce its exposure to the region and continue operating in a sustainable manner to build value for its shareholders. The signing and closing of the transaction took place simultaneously. Banco Bilbao Vizcaya Argentaria S.A has acted as financial advisor to the Company for the purchase of the stake of Telefónica Móviles Argentina S.A. Telecom Argentina S.A. (BASE:TECO2) completed the acquisition of 99.99% stake in Telefónica Móviles Argentina S.A. from Telefónica Hispanoamerica S.A. on February 24, 2025.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment improves as stock rises 16%After last week's 16% share price gain to AR$2,925, the stock trades at a trailing P/E ratio of 14.7x. Average forward P/E is 14x in the Telecom industry in South America. Total returns to shareholders of 1,241% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AR$1,384 per share.
공지 • Feb 13Telecom Argentina S.A. Announces It Was Notified of the Complaint Filed in the Proceedings Before the National First Instance Court in Commercial Matters No. 8, Secretary No. 15Telecom Argentina S.A. announced that the Company was notified of a complaint filed in the abovementioned proceedings before the National First Instance Court in Commercial Matters No. 8, Secretary No. 15. The action brought by Proconsumer seeks, mainly, that Telecom: 1) cease its alleged breach of the conditions, modalities, and other circumstances under which the services it offers have been offered, advertised, and/or agreed upon, particularly the “recording content” service provided through the Flow platform, in alleged violation of sections 7 and 9 of the Argentine Consumer Defense Law (“LDC”); 2) cease offering consumers services on its digital platform whose information is allegedly not provided in a true, clear, and detailed manner (section 4 of the LDC and sections 1100 and 1107 of the Argentine Civil and Commercial Code); 3) cease charging customers sums of money for the abovementioned services; and 4) reimburse the sums of money to the customers who contracted and paid for the aforementioned Flow services for the period of five years prior to the filing of this complaint and until the effective cessation of the alleged conduct. The Company, with the assistance of its legal counsel, will defend its interests within the framework of this action.
Reported Earnings • Nov 12Third quarter 2024 earnings released: AR$7.60 loss per share (vs AR$14.07 profit in 3Q 2023)Third quarter 2024 results: AR$7.60 loss per share (down from AR$14.07 profit in 3Q 2023). Revenue: AR$983.1b (up 195% from 3Q 2023). Net loss: AR$16.4b (down 154% from profit in 3Q 2023). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 123% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Nov 05Investor sentiment improves as stock rises 19%After last week's 19% share price gain to AR$2,375, the stock trades at a trailing P/E ratio of 11.3x. Average forward P/E is 13x in the Telecom industry in South America. Total returns to shareholders of 952% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AR$995 per share.
공지 • Nov 05Telecom Argentina S.A. to Report Q3, 2024 Results on Nov 07, 2024Telecom Argentina S.A. announced that they will report Q3, 2024 results on Nov 07, 2024
Reported Earnings • Aug 16Second quarter 2024 earnings released: EPS: AR$25.36 (vs AR$7.73 in 2Q 2023)Second quarter 2024 results: EPS: AR$25.36 (up from AR$7.73 in 2Q 2023). Revenue: AR$856.1b (up 98% from 2Q 2023). Net income: AR$54.6b (up 228% from 2Q 2023). Profit margin: 6.4% (up from 3.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Aug 07Telecom Argentina S.A. to Report Q2, 2024 Results on Aug 12, 2024Telecom Argentina S.A. announced that they will report Q2, 2024 results on Aug 12, 2024
Valuation Update With 7 Day Price Move • Jul 18Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to AR$1,730, the stock trades at a trailing P/E ratio of 12.1x. Average forward P/E is 15x in the Telecom industry in South America. Total returns to shareholders of 851% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AR$1,500 per share.
New Risk • May 17New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 67% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 67% per year for the foreseeable future. Minor Risk High level of debt (50% net debt to equity).
공지 • May 05Telecom Argentina S.A. to Report Q1, 2024 Results on May 08, 2024Telecom Argentina S.A. announced that they will report Q1, 2024 results on May 08, 2024
공지 • Mar 22Telecom Argentina S.A., Annual General Meeting, Apr 25, 2024Telecom Argentina S.A., Annual General Meeting, Apr 25, 2024, at 14:00 Coordinated Universal Time. Location: General Hornos N 690, Ground Floor, City of Buenos Aires Buenos Aries Argentina Agenda: To discuss, among other items, the accounting documentation corresponding to the fiscal year ended December 31, 2023; to Consider the performance of Members of the Board of Directors and Members of the Supervisory Committee who have served during Fiscal Year 2023; to Consider the compensation for the Members of the Board of Directors (allocated amount: AR$ 889,453,418) for the fiscal year ended December 31, 2023, which reported a computable loss according to the terms of the CNV Rules; and to discuss other matters.
Reported Earnings • Mar 13Full year 2023 earnings released: AR$120 loss per share (vs AR$96.50 loss in FY 2022)Full year 2023 results: AR$120 loss per share (further deteriorated from AR$96.50 loss in FY 2022). Revenue: AR$2.06t (up 182% from FY 2022). Net loss: AR$257.7b (loss widened 24% from FY 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 103% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 08Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to AR$1,338, the stock trades at a trailing P/E ratio of 10.8x. Average forward P/E is 11x in the Telecom industry in South America. Total returns to shareholders of 683% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AR$577 per share.
공지 • Mar 06Telecom Argentina S.A. to Report Q4, 2023 Results on Mar 11, 2024Telecom Argentina S.A. announced that they will report Q4, 2023 results on Mar 11, 2024
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to AR$1,733, the stock trades at a trailing P/E ratio of 14x. Average forward P/E is 9x in the Telecom industry in South America. Total returns to shareholders of 789% over the past three years.
공지 • Feb 06Telecom Argentina S.A. Announces Resignation of Luciano Nicolás Giménez as Alternate Member of the Supervisory CommitteeTelecom Argentina S.A. announced that the company received the resignation letter from the alternate member of the supervisory committee Luciano Nicolás Giménez, effective as of February 5, 2024, due to personal reasons.
Valuation Update With 7 Day Price Move • Jan 21Investor sentiment improves as stock rises 27%After last week's 27% share price gain to AR$1,933, the stock trades at a trailing P/E ratio of 15.6x. Average forward P/E is 10x in the Telecom industry in South America. Total returns to shareholders of 886% over the past three years.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 19%After last week's 19% share price gain to AR$1,647, the stock trades at a trailing P/E ratio of 13.3x. Average forward P/E is 10x in the Telecom industry in South America. Total returns to shareholders of 724% over the past three years.
New Risk • Dec 20New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 7.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings are forecast to decline by an average of 7.3% per year for the foreseeable future. Minor Risks High level of debt (48% net debt to equity). Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improves as stock rises 45%After last week's 45% share price gain to AR$1,341, the stock trades at a trailing P/E ratio of 10.8x. Average forward P/E is 10x in the Telecom industry in South America. Total returns to shareholders of 475% over the past three years.
New Risk • Nov 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Argentinean stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks High level of debt (48% net debt to equity). Large one-off items impacting financial results.
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: AR$14.07 (vs AR$94.26 loss in 3Q 2022)Third quarter 2023 results: EPS: AR$14.07 (up from AR$94.26 loss in 3Q 2022). Revenue: AR$333.4b (up 125% from 3Q 2022). Net income: AR$30.3b (up AR$233.3b from 3Q 2022). Profit margin: 9.1% (up from net loss in 3Q 2022). Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 69% per year, which means it is well ahead of earnings.
공지 • Nov 04Telecom Argentina S.A. to Report Q3, 2023 Results on Nov 09, 2023Telecom Argentina S.A. announced that they will report Q3, 2023 results on Nov 09, 2023
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: AR$1.61 (vs AR$4.89 in 2Q 2022)Second quarter 2023 results: EPS: AR$1.61 (down from AR$4.89 in 2Q 2022). Revenue: AR$251.4b (up 36% from 2Q 2022). Net income: AR$3.47b (down 67% from 2Q 2022). Profit margin: 1.4% (down from 5.7% in 2Q 2022). Revenue is forecast to grow 35% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Telecom industry in South America. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 146 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 11First quarter 2023 earnings released: EPS: AR$12.89 (vs AR$12.81 in 1Q 2022)First quarter 2023 results: EPS: AR$12.89 (up from AR$12.81 in 1Q 2022). Revenue: AR$214.8b (up 56% from 1Q 2022). Net income: AR$27.8b (flat on 1Q 2022). Profit margin: 13% (down from 20% in 1Q 2022). Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Telecom industry in South America. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 143 percentage points per year, which is a significant difference in performance.
공지 • May 04Telecom Argentina S.A. to Report Q1, 2023 Results on May 09, 2023Telecom Argentina S.A. announced that they will report Q1, 2023 results on May 09, 2023
Reported Earnings • Mar 12Full year 2022 earnings released: EPS: AR$370 (vs AR$4.02 in FY 2021)Full year 2022 results: EPS: AR$370 (up from AR$4.02 in FY 2021). Revenue: AR$729.2b (up 71% from FY 2021). Net income: AR$796.3b (up AR$787.7b from FY 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
공지 • Feb 14Telecom Argentina S.A. Announces Demise of Germán Horacio Vidal, Member of Board of Directors, Member of the Audit Committee and Executive CommitteeTelecom Argentina S.A. informed that on February 11, 2023, Engr. Germán Horacio Vidal, member of Telecom Argentina’s Board of Directors and member of the Company’s Audit Committee and Executive Committee, passed away.
공지 • Nov 18Sebastian Bardengo Submits His Resignation as Member of the Board of Directors and Member of the Executive Committee Telecom Argentina S.ATelecom Argentina S.A. received a letter from Mr. Sebastian Bardengo addressed to the Chairman of the Board of Directors notifying that, due to personal reasons, he submits his resignation as member of the Board of Directors and member of the Executive Committee of Telecom Argentina effective as from midnight December 31, 2022.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Eduardo de Pedro was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 11Third quarter 2022 earnings released: AR$94.26 loss per share (vs AR$1.18 profit in 3Q 2021)Third quarter 2022 results: AR$94.26 loss per share (down from AR$1.18 profit in 3Q 2021). Revenue: AR$148.2b (up 54% from 3Q 2021). Net loss: AR$203.0b (down AR$205.6b from profit in 3Q 2021). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Telecom industry in South America. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings.
공지 • Nov 04Telecom Argentina S.A. to Report Q3, 2022 Results on Nov 09, 2022Telecom Argentina S.A. announced that they will report Q3, 2022 results on Nov 09, 2022
Major Estimate Revision • Aug 19Consensus EPS estimates fall by 13%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from AR$518.3b to AR$504.0b. EPS estimate also fell from AR$7.04 per share to AR$6.09 per share. Net income forecast to shrink 67% next year vs 50% growth forecast for Telecom industry in Argentina . Consensus price target up from AR$275 to AR$325. Share price rose 2.7% to AR$271 over the past week.
Reported Earnings • Aug 11Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: AR$1.70 (up from AR$5.52 loss in 2Q 2021). Revenue: AR$126.9b (up 21% from 2Q 2021). Net income: AR$3.66b (up AR$15.6b from 2Q 2021). Profit margin: 2.9% (up from net loss in 2Q 2021). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 27%, compared to a 10% growth forecast for the industry in Argentina. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
공지 • Aug 03Telecom Argentina S.A. to Report Q2, 2022 Results on Aug 09, 2022Telecom Argentina S.A. announced that they will report Q2, 2022 results on Aug 09, 2022
Valuation Update With 7 Day Price Move • Jul 27Investor sentiment improved over the past weekAfter last week's 17% share price gain to AR$283, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 8x in the Telecom industry in South America. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AR$357 per share.
공지 • Jun 03Telecom Argentina S.A. (BASE:TECO2) acquired Negocios y Servicios S.A.Telecom Argentina S.A. (BASE:TECO2) acquired Negocios y Servicios S.A on June 1, 2022. Telecom Argentina S.A. (BASE:TECO2) completed the acquisition of Negocios y Servicios S.A on June 1, 2022.
Major Estimate Revision • May 21Consensus EPS estimates have been upgraded.The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from AR$466.6b to AR$512.5b. Forecast to become profitable, with EPS estimate increasing from -AR$1.78 to AR$7.04 per share. Telecom industry in Argentina expected to see average net income growth of 24% next year. Consensus price target of AR$275 unchanged from last update. Share price fell 2.6% to AR$215 over the past week.
Reported Earnings • May 13First quarter 2022 earnings released: EPS: AR$10.92 (vs AR$4.51 in 1Q 2021)First quarter 2022 results: EPS: AR$10.92 (up from AR$4.51 in 1Q 2021). Revenue: AR$117.4b (up 28% from 1Q 2021). Net income: AR$23.5b (up 143% from 1Q 2021). Profit margin: 20% (up from 11% in 1Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 9.1% growth forecast for the industry in Argentina. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Eduardo de Pedro was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Major Estimate Revision • Apr 14Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from AR$510.4b to AR$438.2b. EPS estimate unchanged from -AR$1.78 per share at last update. Telecom industry in Argentina expected to see average net income growth of 103% next year. Consensus price target of AR$275 unchanged from last update. Share price was steady at AR$240 over the past week.
Reported Earnings • Mar 11Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: AR$251 (up from AR$2.65 loss in FY 2020). Revenue: AR$425.5b (up 41% from FY 2020). Net income: AR$541.4b (up AR$547.1b from FY 2020). Revenue missed analyst estimates by 1.3%. Over the next year, revenue is expected to shrink by 5.4% compared to a 16% growth forecast for the industry in Argentina. Over the last 3 years on average, earnings per share has increased by 141% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
공지 • Mar 04Telecom Argentina S.A. to Report Q4, 2021 Results on Mar 09, 2022Telecom Argentina S.A. announced that they will report Q4, 2021 results on Mar 09, 2022
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS AR$1.10 (vs AR$1.64 loss in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: AR$113.0b (up 69% from 3Q 2020). Net income: AR$2.36b (up AR$5.89b from 3Q 2020). Profit margin: 2.1% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 08Second quarter 2021 earnings released: AR$4.99 loss per share (vs AR$0.38 loss in 2Q 2020)The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: AR$97.5b (up 30% from 2Q 2020). Net loss: AR$10.7b (loss widened AR$9.94b from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings.
Reported Earnings • May 19First quarter 2021 earnings released: EPS AR$4.06 (vs AR$1.69 in 1Q 2020)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: AR$82.5b (down 7.8% from 1Q 2020). Net income: AR$8.74b (up 140% from 1Q 2020). Profit margin: 11% (up from 4.1% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
공지 • May 15Telecom Argentina S.A. Announces Three Month Periods Ended March 31, 2021Telecom Argentina S.A. announced three month periods ended March 31, 2021. For the period the company reported Impairment of fixed assets was ARS 73 million compared to ARS 97 million a year ago.
Reported Earnings • Mar 11Full year 2020 earnings released: AR$2.65 loss per share (vs AR$2.04 loss in FY 2019)The company reported a mediocre full year result with increased losses, although control over costs was stable and revenues improved. Full year 2020 results: Revenue: AR$301.6b (up 27% from FY 2019). Net loss: AR$5.72b (loss widened 30% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 78% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
공지 • Feb 27Telecom Argentina S.A. to Report Q4, 2020 Results on Mar 09, 2021Telecom Argentina S.A. announced that they will report Q4, 2020 results After-Market on Mar 09, 2021
Is New 90 Day High Low • Feb 20New 90-day low: AR$180The company is down 17% from its price of AR$216 on 20 November 2020. The Argentinean market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AR$153 per share.
공지 • Feb 02Telecom Argentina S.A. Announces Notice of Rejection of Preliminary Injunction in the Case Telecom Argentina S.A. a/EN-Enacom and other re. Preliminary Injunction (Autonomous)” (Docket CAF N° 12,881/2020)Telecom Argentina S.A. announced that on Friday January 29th the Company was served with notice of the rejection of a preliminary injunction requested by the Company in the abovementioned case pending before the Federal Contentious Administrative Court acting in the judicial recess period, by means of which injunction the Company had requested the suspension of articles 1,2 3, 4 and 5 of Decree 690/20, as it considers they are in violation of the National Constitution and the provisions of article 30 of the Inter-American Convention on Human Rights. The preliminary injunction was rejected by the Federal Judge Walter Lara Correa as he considered that, in his opinion, the two conditions for the granting of said measure were not met, since the absence of one (condition) prevents the granting [of the requested injunction]. The Company, assisted by its legal counsel, will adopt all necessary legal actions to protect its rights.
Is New 90 Day High Low • Jan 04New 90-day low: AR$187The company is down 11% from its price of AR$211 on 06 October 2020. The Argentinean market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AR$151 per share.
Valuation Update With 7 Day Price Move • Dec 23Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to AR$197, the stock is trading at a trailing P/E ratio of 36.5x, down from the previous P/E ratio of 43x. This compares to an average P/E of 26x in the Telecom industry in South America. Total returns to shareholders over the past year are 18%.
Price Target Changed • Nov 28Price target raised to AR$203Up from AR$178, the current price target is an average from 6 analysts. The new target price is 15% below the current share price of AR$239. As of last close, the stock is up 56% over the past year.
Analyst Estimate Surprise Post Earnings • Nov 14Revenue and earnings miss expectationsRevenue missed analyst estimates by 2.7%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 30%, compared to a 7.5% growth forecast for the Telecom industry in Argentina.
Reported Earnings • Nov 11Third quarter 2020 earnings released: AR$1.57 loss per shareThe company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2020 results: Revenue: AR$77.1b (up 45% from 3Q 2019). Net loss: AR$3.39b (loss narrowed 83% from 3Q 2019).
공지 • Nov 05Telecom Argentina S.A. to Report Nine Months, 2020 Results on Nov 09, 2020Telecom Argentina S.A. announced that they will report nine months, 2020 results on Nov 09, 2020
공지 • Oct 17+ 1 more updateTelecom Argentina S.A. Announces Settlement Agreement in the Case PROCONSUMER C/ TELECOM PERSONAL Re. Legal Proceeding (Proceso De Conocimiento) (Docket 27318/2011, Formerly, Docket 98011)Telecom Argentina S.A. announced settlement agreement in the case PROCONSUMER C/TELECOM PERSONAL re. Legal Proceeding (proceso de conocimiento) (Docket 27318/2011, formerly, Docket 98011). Telecom Argentina S.A. as the surviving company by merger of Telecom Personal S.A., as an update to the relevant matter submitted on September 26, 2012, in which Telecom Personal reported a complaint filed by Asociación Protección Consumidores del Mercado Común del Sur-Proconsumer (Proconsumer) in the aforementioned case, before the National Court of First Instance on Commercial Matters No. 1 Secretariat No. 2 of the city of Buenos Aires. In this respect, October 8, 2020 the court granted judicial approval to the settlement agreement, without recognizing facts or rights, entered into between Proconsumer and Telecom Argentina, pursuant to the terms of section 54 of the Consumer Defense Law No. 24,240. Said settlement agreement provides the payment of a total amount by Telecom Argentina of fifty-five million Argentine pesos (ARS 55,000,000), plus fees, case expenses and certain advertising commitments undertaken by the company.
Is New 90 Day High Low • Oct 15New 90-day high: AR$238The company is up 10.0% from its price of AR$217 on 17 July 2020. The Argentinean market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AR$175 per share.
공지 • Aug 13Telecom Argentina S.A. to Report First Half, 2020 Results on Aug 14, 2020Telecom Argentina S.A. announced that they will report first half, 2020 results on Aug 14, 2020