Morgan Stanley Upgrades Telecom Argentina S.A. to 'Buy'
Morgan Stanley raises Telecom Argentina S.A.'s target price to $17 with a 'buy' rating, a 32.09% upside from the current price.
Key Points
- Morgan Stanley's analyst Cesar Medina upgraded Telecom Argentina S.A. to 'buy' with a new price target of $17 on June 24, 2026.
- Morgan Stanley's $17 price target implies 32.09% upside from Telecom Argentina S.A.'s ($TEO) current $12.87 share price.
- Shares of NYSE:TEO traded at $12.71 on Friday, with a market cap of $5.49 billion and a forward P/E ratio of 15.25.
- Insider Alejandro Alberto Urricelqui bought 38,890 shares on June 2, 2026, while analysts show mixed ratings with a consensus 'buy'.
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Morgan Stanley has upgraded Telecom Argentina S.A. (NYSE:TEO) to a 'buy' rating, setting a new price target of $17. Analyst Cesar Medina announced the change on June 24, 2026, signaling Morgan Stanley's increased confidence in the company's future performance.
Morgan Stanley vs. the S&P 500
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Telecom Argentina S.A. Stock Down 1.5%
Shares of NYSE:TEO traded near $12.71 on Friday. Telecom Argentina has a market cap of about $5.49 billion and a P/E ratio of 23.18, with a forward P/E of 15.25. The stock's 52-week range has seen a low of $6.43 and a high of $16.34. Its 50-day moving average is $12.75, and the 200-day moving average is $11.29. The company has a current ratio of 0.58 and a quick ratio of 0.56, with a debt-to-equity ratio of 71.68.
$TEO price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its latest financial results, Telecom Argentina reported revenue of approximately $8.88 billion, reflecting a growth of 30.5%. The company achieved a net margin of 3.93% and a return on equity of 5.23%. Earnings per share stood at $0.55. The next earnings report is expected on August 10, 2026.
Dividend
Telecom Argentina offers an annual dividend rate of $0.04, yielding 0.34% with a payout ratio of 7.74%. The company's dividend policy reflects its strategy to return value to shareholders while maintaining financial stability.
Insider Buying and Selling at Telecom Argentina S.A.
On June 2, 2026, insider Alejandro Alberto Urricelqui purchased 38,890 shares at an average price of $13.43. This transaction was not part of a pre-arranged trading plan, indicating a personal investment decision.
Analysts Set New Price Targets
Morgan Stanley's upgrade to a 'buy' with a $17 price target was joined by JP Morgan, which maintained its 'buy' rating with a target of $19 on June 9, 2026. Scotiabank, however, maintained a 'sell' rating with a target of $9.2 on May 27, 2026. The consensus among analysts is a 'buy', with an average target price of $15.54.
About Telecom Argentina S.A.
Telecom Argentina S.A. is a leading provider of telecommunications services across Argentina, Paraguay, Uruguay, Chile, and the U.S. The company offers mobile and internet services, cable TV, and local and international telephone services. Headquartered in Buenos Aires, Argentina, Telecom Argentina is led by CEO Roberto Daniel Nóbile and employs approximately 26,482 people.
Bottom Line
Morgan Stanley's recent upgrade of Telecom Argentina S.A. to 'buy' with a $17 price target highlights increasing confidence in the company's potential. Shares are currently trading near $12.71, with a solid financial foundation and a forward-looking growth strategy. Investors often track such analyst upgrades to gauge market sentiment and potential future performance.
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