Telefonos de Mexico (TMX) PriceWatch Alert for November 18, 2009
Posted: Wednesday, November 18, 2009 8:14 AM EDT
By: Market Intelligence Center Staff
Telefonos de Mexico (NYSE: TMX) closed yesterday at $17.88. So far the stock has hit a 52-week low of $12.54 and 52-week high of $22.84. Telefonos de Mexico stock has been showing support around 17.55 and resistance in the 18.17 range. Technical indicators for the stock are Bullish and S&P gives TMX a neutral 3 STAR (out of 5) hold rating. TMX appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a May '10 17.50 covered call (TMX EW) for a net debit in the $16.28 area. That is also the break even stock price for this trade. This covered call has an 185 day duration, provides 8.95% downside protection and a 7.49% assigned return rate for a 14.79% annualized return rate (comparison purposes only). Telefonos de Mexico has a current annual dividend yield of 3.44%. [WBA-Seven Summits Research]
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