Telecom Argentina stock trades under the ticker TEO & has recently shown bullishness that traders & investors should take a closer look at.
TEO stock closed at $5.16/share on 1/11/22.
Telecom Argentina TEO Stock’s Technicals Broken Down
TEO Stock Price: $5.16
10 Day Moving Average: $5.07
50 Day Moving Average: $5.12
200 Day Moving Average: $5.18
RSI: 53.8
MACD: -0.012
Yesterday, TEO stock completed a bullish MACD crossover, while breaking out above its 10 & 50 Day Moving Averages.
With a neutral RSI & 0.4% between the price & the 200 Day MA, there looks to be added momentum in the coming days for traders to profit from.
Telecom Argentina TEO Stock As A Long-Term Investment
TEO stock’s valuation metrics may be appealing to investors, with a P/E (ttm) of 21.3 & a P/B (mrq) of 0.46.
Their Quarterly Revenue Growth Y-o-Y was -5.8%.
TEO’s balance sheet is concerning & warrants a closer look before investment.
They have Total Cash (mrq) of $25.3B & Total Debt (mrq) of $266.1B.
They also offer a 4.43% dividend yield, with 7.9% of their total share float held by institutional investors.
Telecom Argentina TEO Stock As A Short-Term Trade Using Options
Telecom Argentina stock has options for traders to use to capture profits in the near-term.
I am looking at the contracts with the 1/21 expiration date.
The $2.10 & $4.60 calls look appealing, although illiquid with limited open interest.
The $7.10 puts look appealing, but also lack open interest which may dissuade some traders from buying them.
Traders prefer more open interest, as it means that there are more active buyers & sellers in the market for a particular name, so that they can more easily profit from trades gone well & exit trades gone bad.
Tying It All Together
Telecom Argentina stock has many interesting characteristics that may appeal to both long & short term traders.
Investors will like its valuation & dividend yield, but may want to look more closely at their balance sheet.
Traders will like their current momentum path, but should watch out for the open interest on their options contracts.
Overall, it is worth taking a closer look at TEO stock.
*** I DO NOT OWN SHARES OF TEO STOCK ***