Telecom Argentina SA (NYSE: TEO) has recently enjoyed extremely important positive changes in investment behavior: the stock rose on very heavy volume, and positive upside/downside volume developed.
Telecom Argentina SA (NYSE: TEO). Significant positive changes in fundamentals have recently occurred. Positive developments: the stock’s power rating rose above 70, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Telecom Argentina has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Telecom Argentina has a slightly negative Appreciation Score of 37 but a very high Power Rating of 92, producing the Positive Value Trend Rating.
Recent Price Action
On 12/9/24, Telecom Argentina SA (NYSE: TEO) stock increased 1.9%, closing at $13.74. Moreover, exceptionally high trading volume at 288% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.3% during the last week.
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