Telecom Argentina (TEO) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Telecom Argentina reported a significant net income of P$951,912 million for the first nine months of 2024, primarily driven by favorable exchange rate differences. Despite the challenges of high inflation, the company saw a recovery trend in service revenues during the third quarter, and a notable increase in its mobile and cable TV customer base. Capital expenditures accounted for 13% of consolidated revenues, and net financial debt decreased by 37.6% in real terms.
For further insights into TEO stock, check out TipRanks’ Stock Analysis page.