Tenaris
TEN
Real-time TRADEGATE AG - 12/13 09:29:25 pm
10.048EUR
-0.79%

Expectation of a turn-around

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Anas Lozach
Analyst

Strategy published on : 12/04/2018 | 11:27

long trade
Stop-loss triggered

Entry price : 10.99€
Target : 12€
Stop-loss : 10.48€
Potential : 9.19%

The technical chart pattern of Tenaris stock suggests the beginning of a trend reversal over the medium term.
Investors have an opportunity to buy the stock and target the € 12.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● The share is getting closer to its long-term support in weekly data, at EUR 10.63, which offers good timing for buyers.

● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 10.63 support.

● According to sales estimates from analysts polled by Thomson-Reuters, the company is among the best with regard to growth.

● The group's activity appears highly profitable thanks to its outperforming net margins.

● The company is in a robust financial situation considering its net cash and margin position.

● The company is one of the best yield companies with high dividend expectations.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For the past twelve months, EPS forecast has been revised upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.


Weaknesses

● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 12.86 EUR

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