Telecom Argentina S.A. ADR (NYSE: TEO) is 7.63% higher on its value in year-to-date trading and has touched a low of $5.42 and a high of $15.53 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TEO stock was last observed hovering at around $14.04 in the last trading session, with the day’s loss setting it -0.49%.
Currently trading at $13.55, the stock is 2.98% and 9.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.39 million and changing -3.49% at the moment leaves the stock 55.53% off its SMA200. TEO registered 96.86% gain for a year compared to 6-month gain of 90.87%. The firm has a 50-day simple moving average (SMA 50) of $12.4682 and a 200-day simple moving average (SMA200) of $8.83995.
The stock witnessed a 0.52% loss in the last 1 month and extending the period to 3 months gives it a 79.22%, and is 7.63% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.70% over the week and 8.21% over the month.
Telecom Argentina S.A. ADR (TEO) has around 21262 employees, a market worth around $1.70B and $5.02B in sales. Current P/E ratio is 76.25. Profit margin for the company is 1.53%. Distance from 52-week low is 150.00% and -12.78% from its 52-week high. The company has generated returns on investments over the last 12 months (1.08%).
The EPS is expected to grow by 309.92% this year
The shares outstanding are 125.61M, and float is at 125.60M with Short Float at 1.03%.
The top institutional shareholder in the company is OAKTREE CAPITAL MANAGEMENT LP with over 3.02 million shares valued at $21.83 million. The investor’s holdings represent 0.7009 of the TEO Shares outstanding. As of 2024-06-30, the second largest holder is RWC ASSET ADVISORS (US) LLC with 1.16 million shares valued at $8.37 million to account for 0.2686 of the shares outstanding. The other top investors are MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. which holds 1.07 million shares representing 0.2488 and valued at over $7.75 million, while DISCERENE GROUP LP holds 0.1551 of the shares totaling 0.67 million with a market value of $4.83 million.
