Equities analysts forecast that Telecom Argentina SA (NYSE:TEO) will report earnings per share (EPS) of $0.32 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Telecom Argentina SA’s earnings. Telecom Argentina SA posted earnings of $0.30 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The firm is scheduled to announce its next earnings report on Wednesday, August 9th.

According to Zacks, analysts expect that Telecom Argentina SA will report full-year earnings of $1.54 per share for the current fiscal year, with EPS estimates ranging from $1.48 to $1.60. For the next year, analysts anticipate that the firm will post earnings of $1.87 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for Telecom Argentina SA.

Separately, Zacks Investment Research raised Telecom Argentina SA from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, March 10th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Freestone Capital Holdings LLC purchased a new position in shares of Telecom Argentina SA during the fourth quarter valued at $2,783,000. Bienville Capital Management LLC raised its position in shares of Telecom Argentina SA by 8.8% in the fourth quarter. Bienville Capital Management LLC now owns 1,570,028 shares of the utilities provider’s stock valued at $28,527,000 after buying an additional 126,863 shares during the period. Franklin Resources Inc. raised its position in shares of Telecom Argentina SA by 6.9% in the fourth quarter. Franklin Resources Inc. now owns 2,076,907 shares of the utilities provider’s stock valued at $37,738,000 after buying an additional 134,327 shares during the period. Public Sector Pension Investment Board purchased a new position in shares of Telecom Argentina SA during the fourth quarter valued at $750,000. Finally, Charlemagne Capital Ltd. raised its position in shares of Telecom Argentina SA by 2,486.0% in the fourth quarter. Charlemagne Capital Ltd. now owns 160,900 shares of the utilities provider’s stock valued at $2,921,000 after buying an additional 154,678 shares during the period. 7.63% of the stock is currently owned by institutional investors and hedge funds.

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Telecom Argentina SA (NYSE:TEO) traded down 2.04% during midday trading on Wednesday, reaching $24.43. The company’s stock had a trading volume of 113,290 shares. The firm has a market cap of $4.74 billion, a price-to-earnings ratio of 18.44 and a beta of 1.30. Telecom Argentina SA has a 1-year low of $17.04 and a 1-year high of $25.97. The company has a 50 day moving average price of $23.13 and a 200 day moving average price of $20.75.

Telecom Argentina SA Company Profile

Telecom Argentina SA provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company’s segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services).

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