Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Telecom Argentina SA (NYSE: TEO) fell significantly of late. TEO’s current Value Trend Rating is C and the prior Rating was A. Details supporting this lower rating are included in our next report.
Recent Price Action
Telecom Argentina SA (NYSE: TEO) stock increased 1.1% on 5/10/24. The shares closed at $9.47. NORMAL trading volume accompanied the advance. The stock has risen 19.7% during the last week and has been exceptionally strong relative to 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Telecom Argentina has a poor Appreciation Score of 27 but a very high Power Rating of 86, triggering the Neutral Value Trend Rating.
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