Telekom Malaysia Berhad (OTCMKTS:MYTEF) Stock Jumps 10.2% – Time to Buy?

Telekom Malaysia Berhad (OTCMKTS:MYTEF) shot up 10.2% on Wednesday. The company traded as high as $1.9620 and last traded at $1.9620. 890 shares traded hands during mid-day trading, an increase of 790% from the average session volume of 100 shares. The stock had previously closed at $1.78.

Telekom Malaysia Berhad Stock Performance

The firm’s 50-day moving average is $2.00 and its 200 day moving average is $1.91.

Telekom Malaysia Berhad (OTCMKTS:MYTEF) last announced its earnings results on Thursday, August 20th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $723.52 million during the quarter, compared to analyst estimates of $699.84 million.

About Telekom Malaysia Berhad

Telekom Malaysia Berhad (TM) is a Malaysian telecommunications and digital infrastructure company. The group provides fixed-line voice services, broadband connectivity, mobile services through its associated offerings, data communications, and network solutions for residential, business, government, and wholesale customers.

TM markets consumer connectivity and entertainment services under the Unifi brand, including broadband, television, and related digital services. For enterprise and public-sector customers, it provides managed network services, data centers, cloud and cybersecurity solutions, unified communications, and information technology services.

The company also operates and manages extensive domestic telecommunications infrastructure and participates in international connectivity through submarine cable systems and other network assets.