Is Telecom Argentina S.A. (TEO) Price Targeted To Increase?


As of Wednesday close, Telecom Argentina S.A.’s (NYSE:TEO) stock was up $0.04, moving up 0.95 percent to $4.23. The average number of shares traded per day over the past five days has been 121,620 shares. 4 times new highs have been achieved over the past 5 days, with a $0.17 gain in that time frame. In the last twenty days, the average volume was 123,070, while in the previous 50 days, it was 97,670.

Since last month, TEO stock rose 0.71%. Shares of the company fell to $3.82 on 11/14/22, the lowest level in the past month. A 52-week high of $6.16 was reached on 04/11/22 after having rallying from a 52-week low of $3.72. Since the beginning of this year, TEO’s stock price has dropped by -11.31% or -$0.87, and marked a new high 13 times. However, the stock has declined by -31.36% since its 52-week high.

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Valuation Metrics

The stock’s beta is 0.49. Besides these, the trailing price-to-sales (P/S) ratio of 0.29, the price-to-book (PB) ratio of 0.43, and the price-to-cash flow ratio of 2.43 may also be considered.

The latest dividend of $0.3139 per share was paid out, which is -22.01% less than last year’s $0.4025.

Financial Health

In the three months ended June 29, Telecom Argentina S.A.’s quick ratio stood at 0.30, while its current ratio was 0.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.46, and the total debt-to-equity ratio was 0.57. On the profitability front, the trailing twelve-month gross margin is 73.40% percent. In the year ended June 29, operating margins totaled -38.60%. Based on annual data, TEO earned -$29.26 million in gross profit and brought in $4.47 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -2.70%. Return on equity (ROE) for the past 12 months was -18.50%.

In Telecom Argentina S.A.’s quarter-end financial report for June 29, it reported total debt of $32.63 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TEO’s revenue rose 29.12% during the quarter, while net income inched up to $11.11 billion. While analysts expected Telecom Argentina S.A. to report -$0.02 quarterly earnings, the actual figure was $0.07 per share. During the quarter, the company generated -$1.29 billion in EBITDA. The liabilities of Telecom Argentina S.A. were 5.73 billion at the end of its most recent quarter ended June 29, and its total debt was $361.08 billion.

Technical Picture

This quick technical analysis looks at Telecom Argentina S.A.’s (TEO) price momentum. With a historical volatility rate of 40.70%, the RSI 9-day stood at 60.43% on 23 November.

With respect to its five-day moving average, the current Telecom Argentina S.A. price is up by +4.19% percent or $0.17. At present, TEO shares trade +1.20% above its 20-day simple moving average and -6.00% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.88% below its SMA50 and -17.38% below its SMA200.

Stochastic coefficient K was 64.67% and Stochastic coefficient D was 50.22%, while ATR was 0.20. Given the Stochastic reading of 82.00% for the 14-day period, the RSI (14) reading has been calculated as 55.83%. As of today, the MACD Oscillator reading stands at 0.10, while the 14-day reading stands at 0.08.

Analyst Ratings

HSBC Securities upgraded its rating on Telecom Argentina S.A. (NYSE: TEO) to a Buy in a note to investors on March 16, 2021. The analysts firm previously had a Reduce rating on the stock.Telecom Argentina S.A. (TEO) has been rated Hold by analysts. According to 2 brokerage firms, TEO is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Telecom Argentina S.A. stock as buy, with 1 recommending it as overweight.

With a median target price of $4.00, the current consensus forecast for the stock is $4.00 – $11.70. Based on these forecasts, analysts predict Telecom Argentina S.A. (TEO) will achieve an average price target of $6.57.


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