Alert: Positive Investment/Fundamental Signals (11/21/23)-Telecom Argentina SA (NYSE: TEO)


Telecom Argentina SA (NYSE: TEO). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.

Minor positive changes in Telecom Argentina SA (NYSE: TEO) fundamentals have recently occurred. Positive developments: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70. Negative development: significant quarterly sales deceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, TEO is expected to continue to be a modest Value Builder.

Telecom Argentina has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Telecom Argentina has a good Power Rating of 77 and a good Appreciation Score of 84, with the Highest Value Trend Rating the result.

Recent Price Action

Telecom Argentina SA (NYSE: TEO) stock closed at $7.15 on 11/21/23 after a very large increase of 9.5%. The stock has risen 36.7% during the last week and has been strong relative to the market over the last nine months.

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