An announcement from Telecom Argentina ( (TEO) ) is now available.
Telecom Argentina reported its financial results for the year ending December 31, 2024, showing a net income of P$1,033,252 million, primarily due to gains from foreign exchange differences. The company experienced a 7.7% decline in consolidated revenues in constant currency compared to the previous year, although service revenues showed signs of recovery, particularly in the fourth quarter with a 2.6% increase year-over-year. The company also reported a stable operating income margin and a significant reduction in net financial debt. These results indicate a positive trend in Telecom Argentina’s financial health, despite the challenging economic environment marked by high inflation.
More about Telecom Argentina
Telecom Argentina S.A. operates in the telecommunications industry, providing a range of services including mobile, cable TV, and broadband internet. The company primarily focuses on the Argentine and Paraguayan markets, with a significant presence in mobile services, which constitute a substantial portion of its revenue.
YTD Price Performance: -17.39%
Average Trading Volume: 255,942
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $5.6B
See more data about TEO stock on TipRanks’ Stock Analysis page.