TEO
Telecom Argentina S.A.
TEO's fundamentals are strong: revenue grew 62% and free cash flow grew 78%, though its operating margin fell 1 points to 16%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
TEO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Healthy |
TEO's revenue, profitability, cash flow and balance sheet are all currently healthy.
TEO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.5x | $4.91 | -53% |
| Fair | 8x | $8.85 | -16% |
| Current | 9.6x | $10.53 | — |
| Expensive | 34x | $37.02 | +252% |
Historical ranges are pointers, not guarantees.
TEO's PE is 9.6x, but its earnings don't support one, so it isn't a reliable read right now.
TEO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong decline | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect TEO's revenue to grow, but its earnings and profitability to decline.
TEO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $1.10 | +$1.15 |
| Q2 2023 | -$0.57 | -670% |
| Q1 2023 | -$0.57 | -1050% |
| Q4 2022 | -$0.66 | -6700% |
| Q3 2022 | -$0.63 | -$0.62 |
| Q2 2022 | $0.10 | +$0.12 |
| Q1 2022 | $0.06 | +$0.06 |
| Q4 2021 | $0.01 | +$0.02 |
TEO has returned to profit: it earned $1.10 per share over the past year, after losing money the year before.
TEO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $1.7B | +34% |
| Q1 2026 | $1.5B | +31% |
| Q4 2025 | $1.8B | +111% |
| Q3 2025 | $1.3B | +110% |
| Q2 2025 | $1.2B | +138% |
| Q1 2025 | $1.2B | +69% |
| Q4 2024 | $831.9M | +25% |
| Q3 2024 | $636.3M | -4.6% |
TEO's revenue has grown year over year for seven quarters in a row: $1.7B last quarter, up 34% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 36% | +6.6 points |
| Q1 2026 | 35% | +5.1 points |
| Q4 2025 | -32% | -29 points |
| Q3 2025 | 31% | +35 points |
| Q2 2025 | 29% | +33 points |
| Q1 2025 | 30% | +34 points |
| Q4 2024 | -3.1% | +4.1 points |
| Q3 2024 | -3.7% | +1.8 points |
TEO's operating margin was 36% last quarter, up 6.6 points from the same quarter a year ago, near the top of its range since 2019.
TEO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $203.2M | +66% |
| Q1 2026 | $193.8M | +169% |
| Q4 2025 | $152.9M | +36% |
| Q3 2025 | $142.3M | +75% |
| Q2 2025 | $122.6M | +341% |
| Q1 2025 | $71.9M | -27% |
| Q4 2024 | $112.7M | +81460% |
| Q3 2024 | $81.5M | -48% |
TEO's free cash flow has been positive every quarter for seven years: $692M over the past year, up 78% from the year before.
TEO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -6K shares |
| 1 year | 0% | -- |
| 3 years | 0% | -- |
| 5 years | 0% | -2 shares |
| Available history | 0% | +41K shares |
TEO has 431M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | $297,680 |
| Q3 2025 | $11M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $15M |
| Q3 2024 | $14M |
TEO spent $11M buying back its own shares over the past year, down 61% from the year before.
TEO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 1.4x | Healthy |
| Q1 2026 | 1.6x | Healthy |
| Q4 2025 | 1.6x | Healthy |
| Q3 2025 | 2.6x | Moderate |
| Q2 2025 | 2.1x | Moderate |
| Q1 2025 | 2.0x | Moderate |
| Q4 2024 | 0.9x | Very low |
| Q3 2024 | 1.2x | Healthy |
TEO's net debt is about 1.4 years of its operating earnings (EBITDA), down from 2.1 years a year ago.
TEO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 39.9 | Neutral |
| Stochastic | 8.9 | Oversold |
TEO's weekly RSI is 40 (neutral) and its Stochastic is 9 (oversold).
TEO PE vs Communication Services Sector
| Metric | TEO | Sector median | Relative |
|---|---|---|---|
| PE | 9.6x | 16x | 42% below |
| PE % | 51 | 26 | 25 pts above |
TEO is trading at 9.6x earnings, a 42% discount to the Communication Services sector's median of 16x, though its earnings don't support one.
TEO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.7 | 10% below |
| 20 week MA | $12.7 | 17% below |
| 50 week MA | $12.3 | 15% below |
| 100 week MA | $11.3 | 6.8% below |
| 200 week MA | $9.16 | 15% above |
TEO has fallen below most of its moving averages, though it's still 15% above its 200-week average.
TEO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.6 | $6.67 | -43% |
| 2021 | $6.67 | $5.15 | -23% |
| 2022 | $5.15 | $4.90 | -4.9% |
| 2023 | $4.90 | $7.15 | +46% |
| 2024 | $7.15 | $13.4 | +87% |
| 2025 | $13.4 | $11.4 | -15% |
| 2026 YTD | $11.4 | $10.5 | -7.6% |
TEO has finished lower in four of the last six years. It's down 7.6% so far in 2026.