Telecom Argentina SA ADR logo

Telecom Argentina SA ADR(TEO)

upturn advisory logo
EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$12.9
10/23/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for TEO

10/23/2026: TEO (1-star) is currently NOT-A-BUY. Pass it for now.

Telecom Argentina is a major provider of converged telecommunications services, including mobile, fixed-line, and digital entertainment, operating primarily within Argentina. The company's main strength lies in its extensive network infrastructure and integrated 'Flow' product, which help secure its market position. Its primary growth story involves capitalizing on increasing data demand and the rollout of 5G technologies. However, investors face significant risks stemming from Argentina's volatile macroeconomic environment, currency devaluation, and strict regulatory oversight. This stock is generally suited for investors comfortable with high emerging market risk who are looking for exposure to Latin American connectivity, with developments in local economic policy remaining the most critical factor to monitor.

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 fitThe company offers growth potential through digital services but is constrained by volatile macro conditions.
Momentum investorWeak fitThe stock is subject to macro-driven sentiment and lacks consistent, sustained momentum.
Value investorMixed fitThe stock often trades at low valuation multiples due to country risk, which may present value for contrarians.
Dividend investorWeak fitUnpredictable cash flows and economic challenges make consistent dividend payouts difficult.
Low-risk investorWeak fitHigh currency risk and exposure to Argentine volatility make this unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe ADR is subject to significant price swings due to emerging market and currency risks.
Valuation riskMediumWhile multiples may appear low, they often reflect underlying fundamental concerns in the Argentine economy.
Competition riskMedium / highThe telecom market is an intense three-player race between TEO, Telefonica, and America Movil.
Business qualityMediumThe company operates quality infrastructure, but profitability is often hampered by the macro environment.
Dividend incomeLowDividends are not the primary reason to hold this stock and are frequently deferred.
Execution riskMediumThe complexity of managing a large, converged network in a hyperinflationary environment is significant.

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 -37.07%
Avg. Invested days 20
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 10/23/2026

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 13.8% (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%
Morgan Stanley - Brokerage Accounts 0.23%
Capital Wealth Planning, LLC 0.22%

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 5.56B USD
Price to earnings Ratio 10.32
1Y Target Price 17.07
Price to earnings Ratio 10.32
1Y Target Price 17.07
Volume (30-day avg) 293.8K shares
Beta 0.34
52 Weeks Range 9.29 - 16.34
Updated Date 10/24/2026
52 Weeks Range 9.29 - 16.34
Updated Date 10/24/2026
Dividends yield (FY) 0.34%
Basic EPS (TTM) 1.25

How Company Makes Money

Business areaWhat it includesRetail investor read
Mobile ServicesVoice, SMS, and high-speed data plans.This is a core revenue driver tied to the number of active mobile subscribers.
Fixed and BroadbandFiber and cable internet connections.Stable revenue base from essential connectivity services for households and businesses.
Cable TelevisionDigital and cable TV subscriptions through Flow.A platform-driven revenue stream that helps with customer retention.
Geography: ArgentinaPrimary operations and consumer base.Exposure here means you are directly tied to the health of 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

Advertisement

Valuation

Trailing PE 10.32
Forward PE 5.55
Enterprise Value 9.75B
Price to Sales(TTM) -
Enterprise Value 9.75B
Price to Sales(TTM) -
Enterprise Value to Revenue 1.65
Enterprise Value to EBITDA 3.86
Shares Outstanding 125.61M
Shares Floating 32.56M
Shares Outstanding 125.61M
Shares Floating 32.56M
Percent Insiders 0.13
Percent Institutions 13.83

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.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.