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Telecom Argentina (TEO) Soars: Stock Adds 7% in Session

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Telecom Argentina S.A. (TEO - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $6.74 – $7.82 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen no estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Telecom Argentina currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

 

 

A better-ranked stock in the Utilities sector is Vivendi SA (VIVHY - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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