Telefonica (TEF) Shares Gap Down to $10.03
Telefonica S.A. (NYSE:TEF)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $10.27, but opened at $10.03. Telefonica shares last traded at $9.78, with a volume of 2284390 shares.
A number of brokerages recently commented on TEF. Sanford C. Bernstein cut Telefonica from a “market perform” rating to an “underperform” rating in a report on Monday. Barclays upgraded Telefonica from an “underweight” rating to an “equal weight” rating in a research note on Friday, October 20th. Berenberg Bank upgraded Telefonica from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Zacks Investment Research lowered Telefonica from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, J P Morgan Chase & Co lowered Telefonica from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.70.
The stock has a market cap of $50,730.69, a PE ratio of 5.92 and a beta of 1.29. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 1.79.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEF. Janney Montgomery Scott LLC bought a new stake in Telefonica in the third quarter worth about $110,000. Cubist Systematic Strategies LLC raised its stake in shares of Telefonica by 700.1% during the third quarter. Cubist Systematic Strategies LLC now owns 90,189 shares of the utilities provider’s stock valued at $973,000 after acquiring an additional 78,917 shares in the last quarter. Greytown Advisors Inc. raised its stake in shares of Telefonica by 93.7% during the third quarter. Greytown Advisors Inc. now owns 85,687 shares of the utilities provider’s stock valued at $925,000 after acquiring an additional 41,449 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Telefonica by 387.4% during the third quarter. Jane Street Group LLC now owns 300,927 shares of the utilities provider’s stock valued at $3,247,000 after acquiring an additional 239,185 shares in the last quarter. Finally, OxFORD Asset Management LLP raised its stake in shares of Telefonica by 6.2% during the third quarter. OxFORD Asset Management LLP now owns 238,870 shares of the utilities provider’s stock valued at $2,577,000 after acquiring an additional 13,926 shares in the last quarter. Institutional investors own 0.92% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/12/12/telefonica-tef-shares-gap-down-to-10-03.html.
Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).
Receive News & Stock Ratings for Telefonica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonica and related stocks with our FREE daily email newsletter.