Telecom Argentina S.A. ADR (NYSE: TEO) 52-Week High Located At $9.97, Forget The Dips, Just Ride The Rips

Telecom Argentina S.A. ADR (NYSE:TEO) does about 199.48K shares in volume on a normal day but saw 413894 shares change hands in the recent trading day. The company now has a market cap of 875.50M USD. Its current market price is $6.97, marking a decrease of -0.29% compared to the previous close of $6.99. The 52 week high reached by this stock is $9.97 whilst the lowest price level in 52 weeks is $4.50.

Telecom Argentina S.A. ADR (TEO) has a 20-day trading average at $6.93 and the current price is -30.09% off the 52-week high compared with 54.89% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.84 and its 200-day simple moving average is $7.46. If we look at the stock’s price movements over the week, volatility stands at 4.53%, which increases to 4.91% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.15 to suggest the stock is neutral.

The consensus objective for the share price is $6.35, suggesting that the stock has a potential downside of -9.76% over the period.

The current price level is 1.32%, 1.94%, and -6.47% away from its SMA20, SMA50, and SMA200 respectively, with the TEO price moving above the 50-day SMA on current market day. Telecom Argentina S.A. ADR (TEO) stock is down -1.27% over the week and 12.78% over the past month. Its price is -2.52% year-to-date and 19.76% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -9.76 percent from here.

The company has a return on investment of 2.75% and return on equity of 3.93%. The price to earnings ratio (P/E ratio) amounts to 15.75. The beta has a value of 0.81. Price to book ratio is 0.17 and price to sales ratio is 0.18.