Telecom Argentina (OTCMKTS:TCMFF) Trading Down 30.2% – Here’s Why

Telecom Argentina S.A. (OTCMKTS:TCMFF)’s share price fell 30.2% on Wednesday . The stock traded as low as $1.00 and last traded at $1.50. 400 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 1,294 shares. The stock had previously closed at $2.15.

Telecom Argentina Stock Performance

The stock has a 50 day simple moving average of $1.27 and a 200-day simple moving average of $1.47.

About Telecom Argentina

Telecom Argentina SA is the leading integrated telecommunications provider in Argentina, offering a comprehensive portfolio of services that spans fixed-line telephony, mobile communications, broadband internet and digital television. Through its flagship brands, the company delivers voice and data connectivity to residential, small and medium-sized enterprises, government agencies and large corporates across Argentina’s urban and regional markets.

In the mobile segment, Telecom Argentina markets prepaid and postpaid plans under the Personal brand, providing 4G LTE coverage in most populated areas and ongoing investments in network upgrades.