Telefónica (NYSE:TEF) Sets New 52-Week Low at $3.49

Telefónica, S.A. (NYSE:TEFGet Rating)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $3.49 and last traded at $3.49, with a volume of 27807 shares traded. The stock had previously closed at $3.57.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Barclays lowered their target price on shares of Telefónica from €4.70 ($4.80) to €4.10 ($4.18) and set an “equal weight” rating for the company in a research note on Friday, September 16th. JPMorgan Chase & Co. dropped their target price on Telefónica from €4.10 ($4.18) to €3.50 ($3.57) and set an “underweight” rating on the stock in a report on Wednesday, June 29th. Finally, StockNews.com lowered Telefónica from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.36.

Telefónica Stock Performance

The stock has a 50-day moving average of $4.23 and a 200-day moving average of $4.66. The firm has a market cap of $20.21 billion, a price-to-earnings ratio of 44.63, a price-to-earnings-growth ratio of 0.62 and a beta of 0.50. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.85 and a current ratio of 0.92.

Telefónica (NYSE:TEFGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The utilities provider reported $0.07 earnings per share for the quarter. The firm had revenue of $10.70 billion for the quarter. Telefónica had a return on equity of 6.61% and a net margin of 1.38%. As a group, analysts anticipate that Telefónica, S.A. will post 0.37 EPS for the current fiscal year.

Institutional Trading of Telefónica

Several institutional investors and hedge funds have recently modified their holdings of the business. IPG Investment Advisors LLC bought a new position in shares of Telefónica during the fourth quarter worth about $21,435,000. Arrowstreet Capital Limited Partnership grew its stake in Telefónica by 32.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,943,536 shares of the utilities provider’s stock valued at $33,329,000 after acquiring an additional 1,689,076 shares during the period. Royal Bank of Canada lifted its holdings in shares of Telefónica by 1,698.8% in the first quarter. Royal Bank of Canada now owns 1,556,143 shares of the utilities provider’s stock valued at $7,469,000 after purchasing an additional 1,469,632 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Telefónica by 2,213.1% in the first quarter. Bank of Montreal Can now owns 1,120,991 shares of the utilities provider’s stock valued at $5,459,000 after purchasing an additional 1,072,528 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Telefónica by 15.1% during the second quarter. Goldman Sachs Group Inc. now owns 4,977,734 shares of the utilities provider’s stock worth $25,536,000 after acquiring an additional 652,477 shares during the period. 1.36% of the stock is currently owned by institutional investors.

Telefónica Company Profile

(Get Rating)

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe 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.

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