Telefonica (NYSE:TEF) Reaches New 52-Week Low – Time to Sell?

Telefonica SA (NYSE:TEF)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $3.88 and last traded at $3.8750, with a volume of 512326 shares trading hands. The stock had previously closed at $3.93.

Analyst Ratings Changes

TEF has been the subject of a number of research analyst reports. Wall Street Zen upgraded Telefonica from a “sell” rating to a “hold” rating in a research note on Monday, November 24th. BNP Paribas upgraded shares of Telefonica to a “strong sell” rating in a research note on Tuesday, October 21st. Kepler Capital Markets raised shares of Telefonica from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. New Street Research lowered shares of Telefonica from a “hold” rating to a “reduce” rating in a research note on Wednesday, December 17th. Finally, Bank of America restated an “underperform” rating and issued a $3.83 price objective on shares of Telefonica in a report on Thursday, December 4th. Four analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Sell” and a consensus target price of $4.02.

Telefonica Stock Performance

The company has a market capitalization of $21.86 billion, a PE ratio of -9.40, a price-to-earnings-growth ratio of 0.28 and a beta of 0.29. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 1.44. The business’s fifty day moving average is $4.11 and its two-hundred day moving average is $4.84.

Telefonica (NYSE:TEF) last released its quarterly earnings data on Tuesday, November 4th. The utilities provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $10.51 billion for the quarter, compared to analysts’ expectations of $9 billion. Telefonica had a positive return on equity of 8.54% and a negative net margin of 5.23%. Equities research analysts predict that Telefonica SA will post 0.3 earnings per share for the current year.

Telefonica Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 17th were issued a dividend of $0.1731 per share. This represents a yield of 856.0%. The ex-dividend date of this dividend was Wednesday, December 17th. Telefonica’s payout ratio is currently -63.41%.

Institutional Investors Weigh In On Telefonica

A number of institutional investors have recently bought and sold shares of the business. National Bank of Canada FI boosted its stake in shares of Telefonica by 367.7% in the third quarter. National Bank of Canada FI now owns 4,897 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 3,850 shares during the period. Momentous Wealth Management Inc. bought a new stake in shares of Telefonica during the third quarter valued at approximately $51,000. Wrapmanager Inc. purchased a new position in shares of Telefonica in the second quarter worth $53,000. AlphaCore Capital LLC bought a new position in shares of Telefonica during the second quarter worth $55,000. Finally, Earned Wealth Advisors LLC purchased a new position in Telefonica during the second quarter valued at $56,000. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefonica Company Profile

Telefónica, SA is a Spanish multinational telecommunications company headquartered in Madrid. Founded in 1924 as Compañía Telefónica Nacional de España, it has grown into one of the world’s largest telecommunications groups. Telefónica provides a broad range of communications services to residential and business customers, including mobile and fixed-line telephony, broadband internet, and pay-TV. The company also develops and sells network infrastructure and related services to support connectivity at scale.

Beyond traditional voice and data services, Telefónica has expanded into digital and IT services aimed at enterprise customers and public-sector clients.