According to Zacks, “TELECOM ARGENTINA holds a license to provide basic telephone service and fixes telecommunications links in the northern region of the Argentine Republic. The Company contributes to the country´s economic and social development by means of incorporating the latest technological advances achieved to-date in the field of telecommunications world-wide. “
NYSE TEO opened at $16.04 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.29. Telecom Argentina has a one year low of $12.34 and a one year high of $23.29. The company has a market capitalization of $2.97 billion, a PE ratio of 47.18 and a beta of 0.54.
The company also recently declared an annual dividend, which was paid on Tuesday, May 14th. Investors of record on Monday, May 6th were paid a $0.3449 dividend. The ex-dividend date was Friday, May 3rd. This represents a yield of 2.59%. This is an increase from Telecom Argentina’s previous annual dividend of $0.25. Telecom Argentina’s payout ratio is currently 97.06%.
A number of institutional investors have recently modified their holdings of TEO. Envestnet Asset Management Inc. purchased a new position in Telecom Argentina in the first quarter worth approximately $162,000. Alpine Global Management LLC purchased a new position in Telecom Argentina in the first quarter worth approximately $329,000. Squarepoint Ops LLC purchased a new position in Telecom Argentina in the fourth quarter worth approximately $341,000. Legal & General Group Plc purchased a new position in Telecom Argentina in the third quarter worth approximately $452,000. Finally, Hsbc Holdings PLC purchased a new position in Telecom Argentina in the first quarter worth approximately $458,000. Institutional investors own 6.67% of the company’s stock.
About Telecom Argentina
Telecom Argentina SA, together with its subsidiaries, provides telecommunications services in Argentina and internationally. The company offers telephone services, including local, domestic, and international long-distance telephone services, as well as public telephone services; interconnection services, such as access, termination, and long-distance transport of calls; information and communication technology services comprising datacenter services, and telecommunications consulting and value-added solutions; and call waiting, call forwarding, conference calls, caller ID, voice mail, itemized billing, and maintenance services, as well as sells equipment.
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