Telefonica (NYSE:TEF) Reaches New 52-Week Low at $7.33

Telefonica S.A. (NYSE:TEF)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $7.33 and last traded at $7.33, with a volume of 6680 shares. The stock had previously closed at $7.39.

TEF has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Telefonica from a “sell” rating to a “hold” rating and set a $8.50 price target on the stock in a research note on Tuesday, May 28th. Deutsche Bank reiterated a “buy” rating on shares of Telefonica in a research note on Friday, May 24th. DZ Bank upgraded shares of Telefonica from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Finally, ValuEngine upgraded shares of Telefonica from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Telefonica has an average rating of “Hold” and an average target price of $8.50.

The company has a debt-to-equity ratio of 1.98, a current ratio of 0.84 and a quick ratio of 0.79. The business has a 50-day moving average price of $8.13. The company has a market cap of $38.06 billion, a P/E ratio of 7.72, a price-to-earnings-growth ratio of 0.64 and a beta of 0.67.

Telefonica (NYSE:TEF) last issued its earnings results on Thursday, July 25th. The utilities provider reported $0.21 earnings per share for the quarter. Telefonica had a net margin of 7.27% and a return on equity of 16.21%. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.54 billion. As a group, sell-side analysts expect that Telefonica S.A. will post 0.88 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of TEF. Bank of America Corp DE lifted its holdings in shares of Telefonica by 10.6% in the fourth quarter. Bank of America Corp DE now owns 609,533 shares of the utilities provider’s stock valued at $5,157,000 after purchasing an additional 58,453 shares in the last quarter. Redwood Investment Management LLC purchased a new stake in shares of Telefonica in the first quarter valued at about $431,000. US Bancorp DE lifted its stake in shares of Telefonica by 4.9% during the first quarter. US Bancorp DE now owns 66,626 shares of the utilities provider’s stock valued at $558,000 after buying an additional 3,141 shares during the period. Zions Bancorporation N.A. purchased a new position in shares of Telefonica during the first quarter valued at approximately $28,000. Finally, Duff & Phelps Investment Management Co. purchased a new position in shares of Telefonica during the first quarter valued at approximately $5,124,000. Institutional investors own 0.96% of the company’s stock.

Telefonica Company Profile (NYSE:TEF)

Telefónica, SA provides mobile and fixed communication services primarily 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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