Telecom Argentina SA (NYSE:TEO) declared a None dividend on Thursday, February 1st, Zacks reports. Shareholders of record on Wednesday, February 14th will be given a dividend of 1.559 per share by the utilities provider on Thursday, February 22nd. This represents a yield of 0.0409508799579722%. The ex-dividend date is Tuesday, February 13th. This is a positive change from Telecom Argentina’s previous None dividend of $1.22.

Telecom Argentina has a dividend payout ratio of 62.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Telecom Argentina to earn $2.63 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 43.3%.

Telecom Argentina (TEO) opened at $34.93 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.93 and a debt-to-equity ratio of 0.35. The firm has a market cap of $7,020.60, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.07 and a beta of 1.15. Telecom Argentina has a fifty-two week low of $20.51 and a fifty-two week high of $40.19.

Telecom Argentina (NYSE:TEO) last posted its earnings results on Friday, December 1st. The utilities provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $969.14 million for the quarter. Telecom Argentina had a net margin of 11.60% and a return on equity of 31.15%. equities research analysts predict that Telecom Argentina will post 2.3 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Telecom Argentina stock. State Street Corp lifted its stake in Telecom Argentina SA (NYSE:TEO) by 55.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 25,021 shares of the utilities provider’s stock after acquiring an additional 8,919 shares during the quarter. State Street Corp’s holdings in Telecom Argentina were worth $634,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 6.18% of the company’s stock.

Several equities analysts have weighed in on TEO shares. Zacks Investment Research upgraded shares of Telecom Argentina from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Saturday, February 3rd. Citigroup started coverage on shares of Telecom Argentina in a report on Monday, January 8th. They issued a “buy” rating and a $46.00 target price on the stock. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Telecom Argentina presently has an average rating of “Buy” and an average target price of $36.75.

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About Telecom Argentina

Telecom Argentina SA provides fixed-line telecommunications services in Argentina, and also provides other telephone-related services, such as international long-distance service, data transmission, information technology solutions outsourcing and Internet services. The Company’s segments include Fixed Telecommunications Services (Fixed Services), Personal Mobile Telecommunications Services (Personal Mobile Services) and Nucleo Mobile Telecommunications Services (Nucleo Mobile Services).

Dividend History for Telecom Argentina (NYSE:TEO)

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