Scotiabank upgrades rating for TIGO and TIMB under LatAm telecoms, cuts TEO [Seeking Alpha]
Telecom Argentina SA (TEO)
US:NYSE Investor Relations:
institucional.telecom.com.ar/inversores/investors.html
Company Research
Source: Seeking Alpha
S.A. ( NYSE: TIMB ) to "sector outperform" while cutting Telecom Argentina ( NYSE: TEO ) to "sell." Commenting on the LatAm trends for telecos over time, they said as broadband penetration hits saturation levels in key markets such as Argentina, Brazil, Chile, or Mexico, organic growth will increasingly rely upon taking customers away from rivals. On TIGO, the research firm noted the stock has done little since the conclusion of the Atlas offering, but the free cash flow yield at 14.2% in USD is one of the sector's highest. They think tower sales would provide substantial cash to launch "an aggressive buyback program." On TIMB, they said the company is poised to continue benefiting from wireless consolidation, tower rationalization, and the future adoption of Supplemental Coverage from Space (SCS) services. On TEO, they pointed out that a “macro rally” in the stock has driven valuation to irrational levels. "The near 50% rally in the share price since the August lows continues
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TEO
News
- Telecom Argentina S.A. (NYSE: TEO) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $7.30 to $8.30. They now have a "sell" rating on the stock.MarketBeat
- Telecom Argentina S.A. (NYSE: TEO) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Telecom Argentina S.A. (NYSE: TEO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Telecom Argentina S.A. Announces Consolidated Results for the Nine-Month Period ("9M24") and Third Quarter of Fiscal Year 2024 ("3Q24") [Yahoo! Finance]Yahoo! Finance
- Telecom Argentina S.A. (NYSE: TEO) is now covered by analysts at The Goldman Sachs Group, Inc.. They set a "sell" rating on the stock.MarketBeat
TEO
Sec Filings
- 11/20/24 - Form 6-K
- 11/13/24 - Form 6-K
- 11/12/24 - Form 6-K
- TEO's page on the SEC website