Telecom Argentina (TEO, Financial) experienced a notable stock movement, with a swift increase of 5.25% in its share price, reaching $11.40. The trading volume recorded was 68,845 shares, with a turnover rate of 0.02% and a volatility of 4.61%.
The company's latest earnings report showcased a revenue of $1.002 billion, but it suffered a net loss of $17.39 million, resulting in an earnings per share (EPS) of -$0.04. Despite a gross profit of $136 million, the price-to-earnings (P/E) ratio stands at 63.76, indicating potential overvaluation. Notably, all four rating institutions recommend selling the stock, with no buy or hold recommendations.
In the telecom services industry, where Telecom Argentina operates, the sector saw an overall increase of 0.71%. The company is part of a competitive landscape, with Radcom Ltd., Liberty Global Class A, and Liberty Global Class C showing significant gains. Other active stocks in the industry include Frontier Communications Parent, Inc., Radcom Ltd., and Liberty Broadband Corporation.
Telecom Argentina specializes in telecommunications services, offering quadruple play services, including cable TV, internet, fixed-line as well as related services like international long distance, wholesale services, data transmission, and IT solutions outsourcing. It operates across Argentina, Paraguay, Uruguay, and the USA.
