Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Telecom Argentina SA (NYSE: TEO) weakened during the last several trading days. TEO’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Telecom Argentina SA (NYSE: TEO) stock closed at $7.05 on 8/9/24 after a large increase of 4.9%. However, normal trading volume at 83% of normal accompanied the advance. The stock has risen 14.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns 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 D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Telecom Argentina has a slightly negative Appreciation Score of 37 and a poor Power Rating of 25, leading to the Negative Value Trend Rating.
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