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Telecom Argentina
(NYSE:TEO)
Telecom Argentina (TEO) vs. SPDR S&P 500 ETF (SPY)
Telecom Argentina Business Overview & Revenue Model
Telecom Argentina Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.27T | 4.14T | 2.06T | 4.94T | 2.58T |
| Gross Profit | 2.19T | 3.03T | 1.51T | 3.65T | 1.89T |
| EBITDA | 3.02T | 2.91T | 175.33B | 238.59B | 1.18T |
| Net Income | -198.07B | 1.01T | -257.73B | -1.41T | 8.66B |
Balance Sheet | |||||
| Total Assets | 16.62T | 10.94T | 11.93T | 5.38T | 2.10T |
| Cash, Cash Equivalents and Short-Term Investments | 791.81B | 351.90B | 617.89B | 150.80B | 59.67B |
| Total Debt | 4.31T | 3.09T | 4.83T | 1.55T | 556.43B |
| Total Liabilities | 9.64T | 5.41T | 7.04T | 2.85T | 1.03T |
| Stockholders Equity | 6.86T | 5.43T | 4.72T | 2.48T | 1.05T |
Cash Flow | |||||
| Free Cash Flow | 601.69B | 417.29B | 770.36B | 285.09B | 327.01B |
| Operating Cash Flow | 2.18T | 811.50B | 1.35T | 666.49B | 788.80B |
| Investing Cash Flow | -3.51T | -383.42B | -1.24T | -1.12T | -698.31B |
| Financing Cash Flow | 1.31T | -405.62B | -209.40B | -310.58B | -123.12B |
Telecom Argentina Technical Analysis
Telecom Argentina Risk Analysis
Telecom Argentina Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $17.27B | 16.17 | 15.56% | 6.14% | -5.21% | -7.45% | |
72 Outperform | $5.39B | 10.60 | 7.24% | 5.57% | 19.02% | 9.26% | |
64 Neutral | $4.67B | 9.02 | 24.66% | 7.78% | 0.59% | 8.86% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $5.10B | -5.39 | -3.58% | 0.40% | 15.38% | -292.52% | |
58 Neutral | $3.49B | 6.97 | 40.63% | ― | 6.42% | ― |
Telecom Argentina Corporate Events
Telecom Argentina’s board met on March 10, 2026, in Buenos Aires and resolved to convene an in-person Ordinary and Extraordinary General Shareholders’ Meeting, as well as special meetings for Class “A” and Class “D” shareholders, for April 29, 2026, at the company’s headquarters. The call covers approval of financial documentation for the fiscal year ended December 31, 2025, board and supervisory committee performance and compensation, auditor appointment and fees, and governance matters including the election of supervisory committee members.
A key item on the April agenda is the treatment of Fiscal Year 2025 retained earnings, which show a negative balance of AR$123.94 billion, with the board proposing to absorb this loss and reclassify additional voluntary reserves against contributed surplus, while seeking authority to later withdraw reserves and distribute potential cash or in-kind dividends. The meeting will also address an extraordinary corporate reorganization and related documentation, signaling a broad review of Telecom Argentina’s capital structure, oversight bodies, and future payout flexibility at a time of reported losses, with implications for shareholders’ returns and the company’s financial positioning.
The most recent analyst rating on (TEO) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Telecom Argentina stock, see the TEO Stock Forecast page.
On March 10, 2026, Telecom Argentina’s board resolved to convene an Ordinary and Extraordinary General Shareholders’ Meeting, along with special meetings for Class “A” and Class “D” shareholders, to be held in person in Buenos Aires on April 29, 2026. The meetings will address, among other items, the accounting documentation for the fiscal year ended December 31, 2025, signaling the formal start of the company’s annual governance and financial review cycle for investors and regulators.
The company also indicated it will provide the additional materials required by Argentina’s securities regulator in due course, underscoring its intent to comply with local market disclosure rules. The scheduling of these assemblies frames a key moment for shareholders to review past financial performance and corporate decisions, and may shape expectations around Telecom Argentina’s strategic direction in the coming year.
The most recent analyst rating on (TEO) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Telecom Argentina stock, see the TEO Stock Forecast page.
On March 10, 2026, Telecom Argentina’s board approved a corporate reorganization under which the company will merge its controlled subsidiary Teledifusora San Miguel Arcangel S.A., with Telecom Argentina as the absorbing and continuing entity. The reorganization is structured under Argentina’s General Corporate Law and Income Tax Law, with an effective date set retroactively to January 1, 2026.
The merger still requires approval at the Ordinary and Extraordinary General Shareholders’ Meeting and the Class A and Class D special shareholders’ meetings scheduled for April 29, 2026. Once the Argentine securities regulator authorizes the operation, Telecom Argentina plans to publish the relevant prospectus and documentation, a step that could streamline its corporate structure and potentially enhance operational efficiency for stakeholders.
The most recent analyst rating on (TEO) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Telecom Argentina stock, see the TEO Stock Forecast page.
Telecom Argentina reported its consolidated results for fiscal year 2025 on March 10, 2026, showing service revenues of P$7.9 trillion within total revenues of P$8.3 trillion, with Telecom’s core business (excluding TMA) growing 4.2% in real terms and TMA up 3.8%. The integration of ten months of TMA’s performance drove a 54.7% year-on-year rise in consolidated service revenues, while mobile, broadband and TV customer bases in Argentina and Paraguay generally expanded, particularly in fixed broadband and pay-TV.
Operating income before depreciation, amortization and impairment rose 64.8% to P$2.53 trillion, lifting the margin to 30.3%, but the company swung to a consolidated net loss of P$145.3 billion in 2025 from a prior-year profit, mainly due to adverse exchange-rate differences amid lower inflation and a sharper peso depreciation. Capital expenditures nearly doubled to P$1.49 trillion, or 17.8% of revenues, and net financial debt climbed 40.2% in real terms to P$4.65 trillion as Telecom financed the acquisition of TMA, although leverage metrics improved as earnings grew faster than debt.
The most recent analyst rating on (TEO) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Telecom Argentina stock, see the TEO Stock Forecast page.
On February 10, 2026, Telecom Argentina and shareholder Fintech Telecom LLC entered into an underwriting agreement offer with Morgan Stanley and Banco BTG Pactual for the secondary sale of up to 23,290,655 Class B shares in ADS form, consisting of 4,050,549 underwritten ADSs and up to 607,582 additional option ADSs. The Form 6-K filed on February 12, 2026, incorporates this agreement into Telecom Argentina’s existing shelf registration, signaling an organized capital markets transaction that may broaden the company’s U.S. investor base while not raising primary capital for the issuer itself, as the proceeds will accrue to the selling shareholder.
The most recent analyst rating on (TEO) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Telecom Argentina stock, see the TEO Stock Forecast page.
Telecom Argentina, a major regional telecom and digital services group, combines mobile, broadband, pay TV, fixed telephony, fintech and cybersecurity offerings across Argentina, Paraguay, Uruguay, the U.S. and Chile. Its diversified footprint underpins a convergent ecosystem of platforms and services aimed at deepening customer engagement and creating cross-selling opportunities.
On February 10, 2026, Telecom Argentina reported that Fintech Telecom LLC priced a secondary offering of 4,050,549 ADSs of the company at $11.15 per ADS, with underwriters holding a 30‑day option for an additional 607,582 ADSs. As the issuer is not selling shares or receiving proceeds, the deal primarily affects Fintech’s stake and Telecom Argentina’s trading liquidity on the NYSE rather than its capital structure or funding profile, with closing expected on February 12, 2026, subject to customary conditions.
The most recent analyst rating on (TEO) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Telecom Argentina stock, see the TEO Stock Forecast page.
Telecom Argentina has filed a Form 6-K in February 2026 recasting its annual consolidated financial statements for 2022–2024 into current currency as of September 30, 2025, to align them with its Q3 2025 unaudited results in a hyperinflationary environment. The company stresses that it is not correcting or restating historical figures, but only remeasuring them for comparability, with its auditor Price Waterhouse & Co. reaffirming the fair presentation of the financials and effectiveness of internal controls as of December 31, 2024.
The most recent analyst rating on (TEO) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Telecom Argentina stock, see the TEO Stock Forecast page.
On February 10, 2026, Telecom Argentina filed a Form 6-K in the United States, furnishing the audited consolidated financial statements of its subsidiary Telefónica Móviles Argentina for the fiscal years ended December 31, 2024 and 2023. The filing shows a sharp contraction in the mobile unit’s balance sheet, with total assets falling to roughly ARS 2.24 trillion from ARS 3.78 trillion and equity dropping to about ARS 1.24 trillion from ARS 2.20 trillion, while non-controlling interests were eliminated and deferred tax positions shifted significantly, underscoring both the impact of Argentina’s inflationary environment and capital structure changes on the group’s mobile operations and their relevance for investors under Telecom Argentina’s active F-3 shelf registration.
The most recent analyst rating on (TEO) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Telecom Argentina stock, see the TEO Stock Forecast page.
On February 10, 2026, Telecom Argentina announced that Fintech Telecom LLC launched a secondary offering of 4,050,549 American Depositary Shares in the company, each ADS representing five class B common shares listed on the NYSE under the ticker TEO. The transaction is entirely a sale by the existing shareholder, with no new shares issued and no proceeds going to Telecom Argentina, signaling a change in the shareholder’s stake rather than a capital-raising event for the company, while Morgan Stanley and BTG Pactual act as underwriters and the existing F-3 shelf registration underpins the deal.
Because Telecom Argentina is not selling shares or receiving funds, the offering should not directly affect its balance sheet or investment plans, though it may increase trading liquidity and broaden its investor base in New York. For stakeholders, the move primarily reflects Fintech Telecom’s portfolio decisions and could modestly influence market perception of Telecom Argentina’s ownership structure without altering its operational strategy or regional telecom footprint.
The most recent analyst rating on (TEO) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Telecom Argentina stock, see the TEO Stock Forecast page.
On January 26, 2026, Telecom Argentina announced it will fully redeem the remaining US$162.747 million of its 8.000% Senior Notes due 2026 (Class 1 notes issued in July 2019) on February 25, 2026, at 100% of principal plus accrued and unpaid interest, for a total redemption price of about US$164.085 million. The redemption, carried out under the optional redemption provisions of the indenture and prospectus, will extinguish all obligations under these securities, trigger cancellation of the notes, and lead to their delisting from the Luxembourg and Argentine markets, marking a further step in the company’s balance-sheet management and the simplification of its outstanding debt structure for bondholders and other stakeholders.
The most recent analyst rating on (TEO) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Telecom Argentina stock, see the TEO Stock Forecast page.
On January 22, 2026, Telecom Argentina and its subsidiaries Micro Fintech Holding and Micro Sistemas entered into a strategic framework agreement with Banco Macro to drive the growth and expansion of Micro Sistemas, the payment services provider behind the “Personal Pay” platform. Under the deal, Banco Macro will contribute its financial-product expertise while Micro Sistemas brings its large base of active, transaction-heavy users, with Banco Macro subscribing for a 50% equity stake in Micro Sistemas through a capital contribution in pesos equivalent to US$75 million. The alliance is intended to create a more comprehensive and differentiated value proposition on Personal Pay and broaden the range of financial services available to a wider customer base, potentially strengthening Telecom Argentina’s position in Argentina’s fast-growing digital payments and fintech ecosystem, although completion of the transaction remains subject to approval by the National Antitrust Authority.
The most recent analyst rating on (TEO) stock is a Hold with a $11.50 price target. To see the full list of analyst forecasts on Telecom Argentina stock, see the TEO Stock Forecast page.
On December 23, 2025, Telecom Argentina reported that its Chief Financial Officer, Gabriel Blasi, effectively stepped down from his position as of December 22, 2025, citing strictly personal reasons. The company has begun the process of selecting a new CFO, and in the meantime its Director of Finance, Federico Pra, will assume the CFO’s responsibilities on an interim basis, ensuring continuity in the finance function during the transition period for investors and other stakeholders.
The most recent analyst rating on (TEO) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Telecom Argentina stock, see the TEO Stock Forecast page.