Telecom Argentina S.A.’s Stock Gains 0.63%, But It May Still Be Worth Investing In.

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The trading price of Telecom Argentina S.A. (NYSE:TEO) closed higher on Friday, June 17, closing at $4.81, 0.63% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $4.72 and $4.91. The company’s P/E ratio in the trailing 12-month period was 13.94, while its 5Y monthly beta was 0.84. In examining the 52-week price action we see that the stock hit a 52-week high of $6.59 and a 52-week low of $4.44. Over the past month, the stock has lost -8.90% in value.

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Telecom Argentina S.A., whose market valuation is $1.04 billion at the time of this writing. The dividend yield on the company stock is 9.44%, while its Forward Dividend ratio is 0.45. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.21 per share this quarter, however they have predicted annual earnings per share of -$0.35 for 2022 and $0.3 for 2023. It means analysts are expecting annual earnings per share growth of -266.70% this year and 185.70% next year.

Analysts have forecast the company to bring in revenue of $903.12 million for the current quarter, with the likely lows of $903.12 million and highs of $903.12 million. The average estimate suggests sales will likely down by -3.10% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $3.71 billion. The company’s revenue is forecast to drop by -17.00% over what it did in 2022.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Telecom Argentina S.A. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TEO has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Sell.

A quick review shows that TEO’s price is currently -7.28% off the SMA20 and -12.91% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.28, and weekly volatility stands at 3.97%. When measured over the past 30 days, the indicator reaches 4.85%. Telecom Argentina S.A. (NYSE:TEO)’s beta value is currently sitting at 0.50, while the Average True Range indicator is currently displaying 0.25.

To see how Telecom Argentina S.A. stock has been performing in comparison to its peers in the industry, here are the numbers: TEO stock’s performance was 0.63% in the latest trading, and -5.11% in the past year. Another comparable company Millicom International Cellular S.A. (TIGO) saw its stock close 2.32% higher in the most recent trading session but was down -52.76% in a year. Furthermore, America Movil S.A.B. de C.V. (AMX) showed an increase of 0.68% on the day while its price kept inclining at 26.58% over the past year. Telecom Argentina S.A. has a P/E ratio of 13.94. Also in last trading session, the S&P 500 Index has surged 0.22%, while the Dow Jones Industrial also saw a negative session, down -0.13% on the day.

An evaluation of the daily trading volume of Telecom Argentina S.A. (NYSE:TEO) indicates that the 3-month average is 132.46K. However, this figure has increased over the past 10 days to an average of 0.12 million.

Currently, records show that 430.88 million of the company’s shares remain outstanding. The insiders hold 59.00% of outstanding shares, whereas institutions hold 2.20%. The stats also highlight that short interest as of Apr 28, 2022, stood at 0.73 million shares, resulting in a short ratio of 5.03 at that time. From this, we can conclude that short interest is 0.17% of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 0.75 million. However, since the stock’s price has seen -5.69% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.