During the last session, Telecom Argentina S.A. ADR (NYSE:TEO)’s traded shares were 0.36 million, with the beta value of the company hitting 0.84. At the end of the trading day, the stock’s price was $13.20, reflecting an intraday gain of 2.72% or $0.35. The 52-week high for the TEO share is $13.90, that puts it down -5.3 from that peak though still a striking 59.24% gain since the share price plummeted to a 52-week low of $5.38. The company’s market capitalization is $1.66B, and the average intraday trading volume over the past 10 days was 0.26 million shares, and the average trade volume was 198.55K shares over the past three months.
Telecom Argentina S.A. ADR (NYSE:TEO) trade information
Telecom Argentina S.A. ADR (TEO) registered a 2.72% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.72% in intraday trading to $13.20, hitting a weekly high. The stock’s 5-day price performance is 2.74%, and it has moved by 66.35% in 30 days. Based on these gigs, the overall price performance for the year is 83.23%. The short interest in Telecom Argentina S.A. ADR (NYSE:TEO) is 1.08 million shares and it means that shorts have 7.49 day(s) to cover.
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The consensus price target of analysts on Wall Street is $6.7, which implies a decrease of -97.01% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.1 and $7.3 respectively. As a result, TEO is trading at a premium of 44.7% off the target high and 53.79% off the low.
Telecom Argentina S.A. ADR (TEO) estimates and forecasts
Statistics show that Telecom Argentina S.A. ADR has outperformed its competitors in share price, compared to the industry in which it operates. Telecom Argentina S.A. ADR (TEO) shares have gone up 64.53% during the last six months, with a year-to-date growth rate more than the industry average at 175.00% against 0.50. In the rating firms’ projections, revenue will increase 63.05% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.05B as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 991.65M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.21B and 775.66M respectively. In this case, analysts expect current quarter sales to shrink by -13.25% and then jump by 27.85% in the coming quarter.
While earnings are projected to return 250.30% in 2024.
TEO Dividends
Telecom Argentina S.A. ADR is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 6.78%.
The next largest institutional holding, with 1.16 million shares, is of RWC ASSET ADVISORS (US) LLC’s that is approximately 0.2686% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $8.37 million.
Also, the Mutual Funds coming in first place with the largest holdings of Telecom Argentina S.A. ADR (TEO) shares are Global X Fds-Global X MSCI Argentina ETF and SEI Institutional Investment Tr-Emerging Markets Equity Fd . Data provided on Sep 30, 2024 indicates that Global X Fds-Global X MSCI Argentina ETF owns about 1.12 shares. This amounts to just over 0.89 percent of the company’s overall shares, with a $14.8 million market value. The same data shows that the other fund manager holds slightly less at 441.44, or about 0.35% of the stock, which is worth about $5.83 million.