Telefónica (NYSE:TEF) Share Price Passes Below 50 Day Moving Average - What's Next?

Telefónica, S.A. (NYSE:TEF - Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.31 and traded as low as $3.94. Telefónica shares last traded at $3.95, with a volume of 734,699 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. HSBC raised Telefónica from a "reduce" rating to a "hold" rating in a report on Wednesday, October 2nd. StockNews.com raised shares of Telefónica from a "hold" rating to a "buy" rating in a research report on Thursday, December 12th. Finally, Hsbc Global Res raised shares of Telefónica to a "hold" rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Telefónica has a consensus rating of "Hold".

Telefónica Trading Down 1.3 %

The company has a market capitalization of $22.40 billion, a P/E ratio of -15.19 and a beta of 0.68. The company has a 50-day simple moving average of $4.31 and a 200 day simple moving average of $4.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85.

Telefónica Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, January 10th. Investors of record on Wednesday, December 18th were given a dividend of $0.1576 per share. This represents a yield of 5.2%. The ex-dividend date was Wednesday, December 18th. Telefónica's dividend payout ratio (DPR) is currently -84.62%.

Institutional Trading of Telefónica

A number of hedge funds have recently modified their holdings of TEF. Franklin Resources Inc. grew its stake in shares of Telefónica by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 64,522 shares of the utilities provider's stock valued at $308,000 after purchasing an additional 2,332 shares during the period. Mitchell & Pahl Private Wealth LLC boosted its position in Telefónica by 2.1% in the third quarter. Mitchell & Pahl Private Wealth LLC now owns 135,936 shares of the utilities provider's stock valued at $661,000 after buying an additional 2,768 shares in the last quarter. GAMMA Investing LLC boosted its position in Telefónica by 18.3% in the fourth quarter. GAMMA Investing LLC now owns 18,975 shares of the utilities provider's stock valued at $76,000 after buying an additional 2,936 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Telefónica by 7.8% during the third quarter. MML Investors Services LLC now owns 45,289 shares of the utilities provider's stock worth $220,000 after buying an additional 3,266 shares in the last quarter. Finally, BSW Wealth Partners raised its stake in shares of Telefónica by 11.4% in the third quarter. BSW Wealth Partners now owns 32,150 shares of the utilities provider's stock valued at $156,000 after acquiring an additional 3,290 shares during the last quarter. Institutional investors own 1.14% of the company's stock.

Telefónica Company Profile

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.