Schonfeld Strategic Advisors LLC recently announced the acquisition of new stake in Telecom Argentina S.A. (NYSE:TEO). The institutional investor has increased its shareholding in the Communication Services company by 1.09% to 74400.0 shares with purchase of 800.0 shares. This fresh investment now brings its stake to 0.06% valued currently at $0.41 million.
With over 0.34 million Telecom Argentina S.A. (TEO) shares trading Friday and a closing price of $6.05 on the day, the dollar volume was approximately $2.06 million. The shares have shown a positive half year performance of 49.01% and its price on 01/13/23 gained nearly 1.17%. Currently, there are 430.73M common shares owned by the public and among those 89.83M shares have been available to trade.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our
5 Best Growth Stocks To Own For 2023.
Sponsored
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for TEO have a consensus price objective of $6.21. The analysts have set the share’s price value over the next 12 months at a high of $11.70 and a low of $4.00. The average price target is -38.13% below its recent price level and a downside to the estimated low will see the stock lose -51.25% over that period. But an upside of 48.29% will see the stock hit the forecast high price target while median target price for the stock is $4.58.
The top 3 mutual fund holders in Telecom Argentina S.A. are Global X MSCI Argentina ETF, SPP Emerging Markets Plus, and HAMCO Global Value Fund, FI. Global X MSCI Argentina ETF owns 0.17 million shares of the company’s stock, all valued at over $0.92 million. HAMCO Global Value Fund, FI bought 129.0 shares to bring its total holdings to over 65393.0 shares at a value of $0.36 million. HAMCO Global Value Fund, FI now owns shares totaling to 0.05% of the shares outstanding.
However, the script later moved the day high at 6.14, up 1.17%. The company’s stock has a 5-day price change of 10.60% and 53.55% over the past three months. TEO shares are trading 11.01% year to date (YTD), with the 12-month market performance up to 26.11% higher. It has a 12-month low price of $3.72 and touched a high of $6.16 over the same period. TEO has an average intraday trading volume of 118.47K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 19.52%, 32.09%, and 30.33% respectively.
Institutional ownership of Telecom Argentina S.A. (NYSE: TEO) shares accounts for 1.90% of the company’s 430.73M shares outstanding. Mutual fund holders own 0.47%, while other institutional holders and individual stakeholders account for 5.82% and — respectively.
It has a market capitalization of $1.44B and a beta (3y monthly) value of 0.39. The earnings-per-share (ttm) stands at -$2.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.25% over the week and 5.93% over the month.
Analysts forecast that Telecom Argentina S.A. (TEO) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0.11 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 200.20%, and 98.30% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Telecom Argentina S.A. (TEO) as a “Hold” at a consensus score of 3.70. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 2 of the 6 advise that investors “hold,” and 3 rated it as a “Sell.”
HSBC Securities on their part issued Hold rating on June 28, 2018.
