Telecom Argentina (TEO, Financial) experienced a significant stock movement with a rapid surge of 5.28% in its share price. The stock is currently trading at $8.18 per share, with a trading volume of 87,808 shares and a turnover rate of 0.03%. The price fluctuation for the stock is noted at 5.02%.
Recent financial reports indicate Telecom Argentina achieved an operating revenue of $927 million, with a net profit of $61.67 million. Earnings per share stand at $0.14, with a gross profit of $119 million and a price-to-earnings ratio of 7.06.
Analyst ratings show that all four rating agencies involved have assigned a sell recommendation for the stock, with no buy or hold endorsements received.
Within the telecom services sector, the overall increase was 1.85%. Notable performers in the sector included Ribbon Communications Inc., Shenandoah Telecommunications Co, and T-Mobile US, Inc., showing substantial gains. Meanwhile, Lumen Technologies, Inc., Gogo Inc., and Frontier Communications Parent, Inc. were highly active in turnover. Ribbon Communications Inc., Shenandoah Telecommunications Co, and Globalstar experienced significant price fluctuations.
Telecom Argentina operates in the telecommunications services sector, offering a range of services including mobile, cable TV, internet, and fixed-line services across Argentina, Paraguay, Uruguay, and the USA. The company also provides international long-distance, wholesale services, data transmission, IT solutions outsourcing, and operates cable TV and data transmission development services.
