Telefónica, S.A. (NYSE:TEF - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $4.93 and last traded at $4.91, with a volume of 120908 shares traded. The stock had previously closed at $4.89.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. New Street Research lowered shares of Telefónica from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 5th. Bank of America lowered shares of Telefónica from a "buy" rating to a "neutral" rating in a research note on Friday, August 2nd. StockNews.com lowered shares of Telefónica from a "buy" rating to a "hold" rating in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Telefónica from a "hold" rating to a "sell" rating in a research note on Thursday, June 13th.
Get Our Latest Report on TEF
Telefónica Price Performance
The firm's fifty day moving average price is $4.57 and its 200-day moving average price is $4.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.81. The firm has a market capitalization of $27.76 billion, a P/E ratio of -30.56 and a beta of 0.67.
Telefónica (NYSE:TEF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $11.04 billion during the quarter, compared to analysts' expectations of $10.85 billion. Telefónica had a negative net margin of 1.62% and a positive return on equity of 9.18%. As a group, equities research analysts forecast that Telefónica, S.A. will post 0.34 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in TEF. EverSource Wealth Advisors LLC boosted its holdings in Telefónica by 171.6% during the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider's stock worth $25,000 after buying an additional 3,590 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Telefónica by 113.9% during the first quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider's stock worth $26,000 after buying an additional 3,135 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Telefónica during the first quarter worth approximately $34,000. HighPoint Advisor Group LLC bought a new stake in Telefónica during the fourth quarter worth approximately $45,000. Finally, Aaron Wealth Advisors LLC bought a new stake in Telefónica during the second quarter worth approximately $45,000. 1.14% of the stock is currently owned by institutional investors.
About Telefónica
(
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Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.
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