Telecom Argentina SA ADR logo

Telecom Argentina SA ADR(TEO)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$12.37
10/09/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Upturn Advisory & Investor View for TEO

10/09/2026: TEO (1-star) is currently NOT-A-BUY. Pass it for now.

Telecom Argentina is a significant provider of converged telecommunications and media services in Argentina, including mobile, broadband, and cable TV through its Flow platform. The company is known for its extensive network infrastructure and leading market presence in a challenging economic landscape. Its primary growth story revolves around the continued adoption of integrated digital services and future 5G infrastructure deployment. However, it faces substantial risks from hyperinflation, currency devaluation, and stringent price regulation. The stock may best suit investors comfortable with high volatility and emerging market exposure, while dividend-focused or low-risk investors may find the lack of consistent payouts and macro-risks less appealing.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitGrowth is largely driven by domestic market penetration and inflationary pricing rather than pure expansion.
Momentum investorWeak fitThe stock often tracks macro-economic volatility in Argentina rather than sustained momentum signals.
Value investorMixed fitWhile assets are significant, valuation is difficult due to hyperinflation and currency risks.
Dividend investorWeak fitDividend reliability is low given the volatile economic environment and capital expenditure needs.
Low-risk investorWeak fitHigh exposure to Argentine economic, political, and currency risk makes this unsuitable for low-risk profiles.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is highly sensitive to macroeconomic news and currency shifts in Argentina.
Valuation riskMedium / highAccounting for inflation makes standard valuation metrics challenging for investors.
Competition risk (Telecom/Mobile)MediumCompetition from global players like América Móvil keeps margins under constant pressure.
Business qualityMediumInfrastructure is strong, but macro environment limits business flexibility.
Dividend incomeLowDividends are not consistent, making this a poor choice for income-focused investors.
Execution riskMediumMaintaining complex infrastructure amidst high inflation requires constant operational focus.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit -37.18%
Avg. Invested days 21
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/09/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
TEO receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
TEO has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and soft ownership. In FY2025 versus FY2024, solid cash generation (FCF margin 7.2%) and strong revenue growth (+101.3%) are partially offset by negative earnings growth (-116.8%), weak profitability (net margin -2.0%), very low insider ownership of 0.13%.

Financial Health Rating

★★★★★
TEO's financial health is supported by solid cash strength, including free-cash-flow generation of $601.7B (7.2% of revenue). Liquidity is moderate (3 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is TEO's strongest growth driver at +101.3% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+44.2%, strong) is also strong, while earnings growth (-116.8%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 13.9% (soft) and 25.9% of outstanding shares are publicly tradable (soft). Insider ownership is only 0.13%, which materially reduces the ownership score.

Top 5 Institutional Investors

SPX Gestao de Recursos Ltda 0.54%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.47%
Redwheel Asset Management LLP 0.30%
Capital Wealth Planning, LLC 0.22%
Morgan Stanley - Brokerage Accounts 0.21%

Unit Economics (Per $1K Revenue)

★★★★★
TEO generates approximately $754 of gross profit, $103 of operating income, and $72 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Moderate margins explain the 2-star rating, with weak cash conversion and soft capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 24.22%

Quantitative Style Profile

★★★★★
TEO has a relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap Risk

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 5.51B USD
Price to earnings Ratio 9.98
1Y Target Price 16.09
Price to earnings Ratio 9.98
1Y Target Price 16.09
Volume (30-day avg) 330.8K shares
Beta 0.34
52 Weeks Range 6.83 - 16.34
Updated Date 10/10/2026
52 Weeks Range 6.83 - 16.34
Updated Date 10/10/2026
Dividends yield (FY) 0.35%
Basic EPS (TTM) 1.24

How Company Makes Money

Business areaWhat it includesRetail investor read
Personal MobileMobile voice, SMS, and data plans for individuals.This is the primary mobile connectivity revenue driver.
Flow/Cable TVSubscription-based cable and streaming content.This platform provides the entertainment component of the bundle.
Fixed & BroadbandHome internet and fixed line services.Stable revenue base from high-speed home connectivity.
GeographyArgentina.The company operates exclusively within the Argentine economy.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 9.98
Forward PE 5.55
Enterprise Value 9.75B
Price to Sales(TTM) 1.02
Enterprise Value 9.75B
Price to Sales(TTM) 1.02
Enterprise Value to Revenue 1.65
Enterprise Value to EBITDA 3.88
Shares Outstanding 125.61M
Shares Floating 32.57M
Shares Outstanding 125.61M
Shares Floating 32.57M
Percent Insiders 0.13
Percent Institutions 13.9

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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