Telecom Argentina SA (NYSE:TEO) issued its quarterly earnings results on Tuesday. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02, MarketBeat reports.
TEO has been the topic of several recent analyst reports. Raymond James upgraded Telecom Argentina SA from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 28th. Zacks cut Telecom Argentina SA from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Finally, TheStreet raised Telecom Argentina SA from a “hold” rating to a “buy” rating in a research report on Tuesday, May 19th.
Shares of Telecom Argentina SA (NYSE:TEO) traded down 0.18% during midday trading on Wednesday, reaching $16.26. The company’s stock had a trading volume of 72,116 shares. Telecom Argentina SA has a 12 month low of $15.82 and a 12 month high of $26.39. The company has a 50-day moving average price of $17.62 and a 200-day moving average price of $20.53. The firm has a market cap of $3.15 billion and a price-to-earnings ratio of 7.58.
Telecom Argentina SA, (NYSE:TEO), is an Argentina-based company primarily engaged in the provision of national fixed-line telecommunication services, international long-distance service, data transmission and Internet services, as well as mobile telephony. The Company also offers such solutions as online business and Web hosting, virtual private network (VPN), mobile operating systems developed by Microsoft and Blackberry, toll-free telephone numbers, call centers and voice over Internet protocol (VoIP) line, as well as other services mainly aimed at corporate clients. As of December 31, 2012, the Company owned its subsidiaries structured in two business segments, Fixed Telephony, which comprised Telecom Argentina USA Inc and Micro Sistemas SA; and Mobile Services, with Telecom Personal SA, Nucleo SA and Springville SA.
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