Telefonica (TEF) Reaches New 52-Week Low at $8.33

Shares of Telefonica S.A. (NYSE:TEF) reached a new 52-week low during trading on Wednesday . The company traded as low as $8.33 and last traded at $8.38, with a volume of 30972 shares. The stock had previously closed at $8.37.

A number of analysts have recently commented on TEF shares. Morgan Stanley upgraded Telefonica to a “buy” rating in a research report on Wednesday, June 13th. Jefferies Financial Group upgraded Telefonica from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research upgraded Telefonica from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 20th. Goldman Sachs Group cut Telefonica from a “buy” rating to a “neutral” rating in a research report on Friday, July 20th. Finally, TheStreet cut Telefonica from a “b-” rating to a “c+” rating in a research report on Monday, June 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $11.00.

The company has a debt-to-equity ratio of 1.97, a current ratio of 0.70 and a quick ratio of 0.65. The stock has a market capitalization of $44.29 billion, a P/E ratio of 9.96 and a beta of 1.13.



Telefonica (NYSE:TEF) last posted its earnings results on Thursday, July 26th. The utilities provider reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. Telefonica had a return on equity of 16.12% and a net margin of 6.52%. The business had revenue of $14.49 billion for the quarter. research analysts expect that Telefonica S.A. will post 0.93 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of Telefonica by 35.2% during the first quarter. Wells Fargo & Company MN now owns 557,337 shares of the utilities provider’s stock worth $5,501,000 after buying an additional 144,966 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Telefonica by 73.1% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 45,000 shares of the utilities provider’s stock worth $444,000 after buying an additional 19,000 shares during the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of Telefonica by 44.2% during the first quarter. Wetherby Asset Management Inc. now owns 47,054 shares of the utilities provider’s stock worth $464,000 after buying an additional 14,418 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Telefonica by 45.3% during the first quarter. Aperio Group LLC now owns 1,305,052 shares of the utilities provider’s stock worth $12,881,000 after buying an additional 406,825 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in shares of Telefonica during the first quarter worth about $111,000. Institutional investors and hedge funds own 0.80% of the company’s stock.

About Telefonica (NYSE:TEF)

Telefónica, SA provides mobile and fixed communication services primarily in the European Union and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

Further Reading: Market Capitalization in the Stock Market

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