Telecom Argentina SA (TEO) shares have surpassed the average analyst 12-month target price of $9.88, currently trading at $10.13 per share. This movement prompts analysts to consider either downgrading their evaluations or raising their target prices based on recent fundamental developments. The average analyst target is derived from contributions of four analysts, with estimates ranging from $6.20 to $13.00, showcasing a standard deviation of $3.176.
As of now, the breakdown of analyst ratings indicates 1 Hold rating and 3 Strong Sell ratings, leading to an overall average rating of 4.5 on a scale where 1 is Strong Buy and 5 is Strong Sell. This lack of Buy ratings suggests caution among analysts regarding the stock’s recent performance and future prospects.
