Telecom Argentina (TEO) Stock Surges Amid Market Activity

Dec 11, 2024

Telecom Argentina (TEO, Financial) experienced a notable stock price increase of 5.03%, reaching $14.00 per share. The trading volume was 100,334 shares, with a turnover rate of 0.02% and a price fluctuation of 5.71%. The company reported revenue of $1.045 billion and a net loss of $17.39 million, resulting in an earnings per share of -$0.04. Its gross profit stood at $178 million with a P/E ratio of 13.58. All four institutions rating the stock recommend selling, with no buy or hold ratings.

In the telecom services sector, which rose by 0.30%, Telecom Argentina, along with Altice USA and Lumen Technologies, showed significant gains.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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