Telecom Argentina S.A. (NYSE:TEO) is expensive when one looks at the company’s price to sales ratio of 0.88 and compares it with other companies in the Diversified Communication Services group. Its industry average valuation of 4.13 is significantly worse than the sector’s 3.75. In the past 13-year record, this ratio went down as low as 0.36 and as high as 2.94. Also, it is down from 51% of the total 405 rivals across the globe.
TEO traded at an unexpectedly low level on 06/03/2019 when the stock experienced a 0.47% gain to a closing price of $14.9. The company saw 0.82 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 517.91 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 30.94% move, based on the high target price ($19.51) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $16.22 price target, but the stock is already up 20.75% from its recent lows. However, the stock is trading at -37.26% versus recent highs ($23.75). Analysts believe that we could see stock price minimum in the $11.5 range (lowest target price), allowing for another -22.82% drop from its current position. Leading up to this report, we have seen a 10.95% rise in the stock price over the last 30 days and a -0.86% decline over the past 3 months. Overall, the share price is down -4.24% so far this year. Additionally, the stock had a day price range of $13.62 to $15.43.Telecom Argentina S.A. (TEO) Price Potential
Heading into the stock price potential, Telecom Argentina S.A. needs to grow just 14.09% to cross its median price target of $17. In order to determine directional movement, the 50-day and 200-day moving averages for Telecom Argentina S.A. (NYSE:TEO) are $14.56 and $15.41. Given that liquidity is king in the short-term, TEO is a stock with 124.65 million shares outstanding that normally trades 0.43% of its float. The stock price recently experienced a 5-day loss of -5.52% with 0.9 average true range (ATR). TEO has a beta of 0.69 and RSI is 51.17.
Investors also need to beware of the ArcelorMittal (NYSE:MT) valuations. The stock trades on a P/S of 0.44, which suggests that the shares are attractive compared with peers. The broad Steel & Iron industry has an average P/S ratio of 0.96, which is significantly better than the sector’s 12.04. In the past 13-year record, this ratio went down as low as 0.06 and as high as 1. Also, it is up from 52% of the total 514 rivals across the globe.ArcelorMittal (MT)’s Lead Over its Technicals
ArcelorMittal by far traveled 2.59% versus a 1-year low price of $14.66. The share price was last seen 2.17% higher, reaching at $15.04 on Jun. 03, 2019. At recent session, the prices were hovering between $14.76 and $15.18. This company shares are 113.56% off its target price of $32.12 and the current market capitalization stands at $15.15B. The recent change has given its price a -24.88% deficit over SMA 50 and -57.19% deficit over its 52-week high. The stock witnessed -27.06% declines, -34.75% declines and -36.08% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found MT’s volatility during a week at 2.38% and during a month it has been found around 2.35%.
ArcelorMittal (MT) exchanged hands at an unexpectedly high level of 6.21 million shares over the course of the day. Noting its average daily volume at 2.86 million shares each day over the month, this signifies a pretty significant change over the norm.ArcelorMittal Target Levels
The market experts are predicting a 131.45% rally, based on the high target price of $34.81 for ArcelorMittal shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $13.45 range (lowest target price). If faced, it would be a -10.57% drop from its current position. Overall, the share price is down -27.24% year to date [T2].