Telecom Argentina (TEO)

• Market cap: $4.71B
• 1 day: 1.39%
• 5 days: -4.79%
• 1 month: -1.35%
• 3 months: -20.78%
• 6 months: 32.13%
• Year to date: -20.72%
• 1 year: 55.18%
• 5 years: 6.84%
• 10 years: -55.64%
• Sector: Communication Services
• Industry: Telephone Communications, Except Radiotelephone

About: Telecom Argentina SA offers its customers quadruple play services, combining mobile telephony services, cable television services, Internet services and fixed telephony services. It also provides other telephone-related services such as international long-distance and wholesale services, data transmission and IT solutions outsourcing and install, operate and develop cable television and data transmission services. The company provides services in Argentina (mobile, cable television, Internet and fixed and data services), Paraguay (mobile, Internet and satellite TV services), Uruguay (cable television services), the United States (fixed wholesale services) and Chile (Cybersecurity services and products).

Employees: 19,987

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

217% more call options, than puts

Call options by funds: $339K | Put options by funds: $107K

100% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]

74% more capital invested

Capital invested by funds: $61.6M [Q3] → $107M (+$45.4M) [Q4]

0.05% more ownership

Funds ownership: 1.3% [Q3] → 1.35% (+0.05%) [Q4]

5% less funds holding

Funds holding: 39 [Q3] → 37 (-2) [Q4]

17% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 12

18% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 11

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $6.20 43% downside
• Avg. target: $9.60 12% downside
• High target: $13 19% upside

2 analyst ratings

• positive: 0 0%
• neutral: 1 50%
• negative: 1 50%

Scotiabank Andres Coello 53% 1-year accuracy 9 / 17 met price target	43% downside $6.20	Sector Underperform Maintained	13 Mar 2025
JP Morgan Marcelo Santos 71% 1-year accuracy 5 / 7 met price target	19% upside $13	Neutral Upgraded	25 Feb 2025