Telecom Argentina (ADR)
Connects Argentine customers through fixed, mobile, broadband, and video services.
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Profile
Combines fixed and mobile telecommunications with broadband and video services in Argentina. The business was reshaped by the Cablevisión merger and the TMA purchase, whose integration remains subject to regulatory approval.
Combines fixed and mobile telecommunications with broadband and video services in Argentina. Cablevisión's transfer created the converged operator by bringing cable and broadband operations together with mobile and internet services.
TMA, a nationwide provider of mobile and fixed telephony, broadband, and video services, joined the group. The companies continued to operate separately while regulatory approvals proceeded, making the approval process and operating separation defining constraints on consolidation.
The NYSE security is an ADS representing five Class B shares, while the underlying Class B share trades in Buenos Aires as TECO2.
Company facts
Categories
Key statistics
Year to date +13.4% · Average volume (30d) 219.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 12, 2026 | UBS | Reiterate | Buy | $17 | $16.50 | |
| Jun 24, 2026 | Morgan Stanley | Upgrade | Reduce | Overweight | $11 | $17 |
| May 27, 2026 | Scotiabank | Reiterate | Sector Underperform | $8.60 | $9.20 | |
| Apr 29, 2026 | JP Morgan | Upgrade | Neutral | Overweight | ||
| Mar 30, 2026 | Scotiabank | Downgrade | Sector Perform | Sector Underperform |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q2 FY26 | $0.27 | $0.29 | +8.2% | $1.72B | $1.74B | +1.2% | +0.22% |
| May 12, 2026Q1 FY26 | $0.28 | $1.04 | +271.4% | $1.60B | $1.70B | +6.0% | +1.11% |
| Mar 10, 2026Q4 FY25 | $0.02 | $0.19 | +773.2% | $1.47B | $1.61B | +9.7% | +5.41% |
| Nov 10, 2025Q3 FY25 | −$0.49 | −$0.36 | +26.5% | $1.52B | $1.45B | −4.5% | −0.31% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.20B | $1.27B | $1.38B | $1.80B | $1.57B | $1.71B | |
| Gross profit | $904.4M | $964.9M | $1.03B | $1.38B | $1.20B | $1.32B | |
| Operating income | $359.4M | $375.5M | $432.9M | −$576.4M | $549.4M | $614.4M | |
| Net income | $78.8M | −$118.8M | −$133.6M | $79.5M | $424.6M | $116.1M | |
| Diluted EPS | $0.14 | −$0.28 | −$0.31 | $0.18 | $0.99 | $0.27 | |
| Gross margin | 75.1% | 75.7% | 74.5% | 76.3% | 76.4% | 77.3% | |
| Operating margin | 29.8% | 29.5% | 31.4% | -31.9% | 34.9% | 36.0% |
Fiscal years (4-quarter sums)FY21 $388.0M · FY22 $750.1M · FY23 $2.10B · FY24 $2.22B · FY25 $5.66B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $638.0M · Total debt $4.01B · Total assets $12.84B · Shareholders' equity $5.89B
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Nov 24, 2025 | Nov 24 | Dec 9 | $0.3081 | special dividend |
| Nov 29, 2024 | Nov 29 | Dec 9 | $0.2036 | special dividend |
| May 19, 2023 | May 22 | May 25 | $0.208 | special dividend |
| Jun 24, 2022 | Jun 27 | Jul 5 | $0.272 | special dividend |
| Sep 2, 2021 | Sep 3 | Sep 10 | $0.4025 | special dividend |
Ownership
Shares outstanding 430.74M · Float 182.89M · 42.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Fourth Sail Capital LP | 2.50M | 0.58% | 13F | May 15, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 1.91M | 0.44% | 13F | May 15, 2026 |
| Oaktree Capital Management LP | 1.62M | 0.38% | 13F | May 20, 2026 |
| RWC Asset Management LLP | 1.28M | 0.30% | 13F | Apr 27, 2026 |
| Sagil Capital LLP | 1.16M | 0.27% | 13F | May 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Baruki Luis Alberto Gonzalez | director | −188,500 | $2.78 |
| Jun 2, 2026 | Alejandro Alberto Urricelqui | director | +38,890 | $13.43 |
Peers
- América Móvil (ADR)
Argentina's nationwide challenger across mobile, fiber, TV and B2B services
- Netflix
Direct-to-consumer video streaming challenging Flow's OTT offer
- Walt Disney
Disney+ streaming competes for Argentine video viewers and subscriptions
- Amazon
Prime Video challenges Flow for paid OTT video viewing
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Telecom Argentina (ADR) | $13.06 | −0.19% | $5.63B | 11.6 | 21.3 | 0.9 | +13.3% |
| América Móvil (ADR) | $23.43 | +1.01% | $69.56B | 13.2 | 14.1 | 1.2 | +9.8% |
| Netflix | $81.62 | −0.12% | $340.28B | 25.7 | 23.6 | 7.0 | +13.4% |
| Walt Disney | $108.09 | −0.01% | $187.72B | 22.3 | 14.6 | 1.9 | +7.1% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| Median | 21.9 | 19.1 | 2.8 | +11.6% |