Telefonica (NYSE:TEF) Announces Earnings Results, Beats Expectations By $0.03 EPS

Telefonica (NYSE:TEF) issued its quarterly earnings data on Tuesday. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03, Zacks reports. Telefonica had a negative net margin of 5.88% and a positive return on equity of 8.57%.

Telefonica Price Performance

NYSE:TEF traded down $0.66 during mid-day trading on Tuesday, hitting $4.24. The company’s stock had a trading volume of 969,261 shares, compared to its average volume of 666,307. The company has a market capitalization of $24.01 billion, a price-to-earnings ratio of -8.84, a P/E/G ratio of 0.59 and a beta of 0.49. The stock has a fifty day moving average of $5.19 and a 200-day moving average of $5.21. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.47. Telefonica has a fifty-two week low of $3.89 and a fifty-two week high of $5.72.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Telefonica in a report on Thursday, October 30th. BNP Paribas Exane started coverage on shares of Telefonica in a report on Tuesday, October 21st. They set an “underperform” rating and a $4.20 price target for the company. Finally, BNP Paribas raised shares of Telefonica to a “strong sell” rating in a research report on Tuesday, October 21st. Two research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Sell” and an average target price of $4.20.

Institutional Trading of Telefonica

Several hedge funds have recently modified their holdings of the company. Focus Partners Wealth increased its stake in Telefonica by 24.5% in the first quarter. Focus Partners Wealth now owns 26,347 shares of the utilities provider’s stock valued at $123,000 after purchasing an additional 5,177 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Telefonica by 31.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 26,600 shares of the utilities provider’s stock valued at $138,000 after acquiring an additional 6,429 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in Telefonica by 9.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 104,396 shares of the utilities provider’s stock valued at $546,000 after buying an additional 8,883 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Telefonica by 110.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,804 shares of the utilities provider’s stock valued at $93,000 after buying an additional 9,340 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in Telefonica by 47.9% in the 2nd quarter. Osaic Holdings Inc. now owns 29,272 shares of the utilities provider’s stock valued at $153,000 after buying an additional 9,480 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

About Telefonica

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.