Telefónica (NYSE:TEF) Sets New 52-Week High at $4.80

Telefónica, S.A. (NYSE:TEF)’s stock price reached a new 52-week high on Monday . The company traded as high as $4.80 and last traded at $4.80, with a volume of 69244 shares. The stock had previously closed at $4.72.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com downgraded Telefónica from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft downgraded Telefónica from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th. Bank of America cut Telefónica from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Finally, New Street Research downgraded Telefónica from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 5th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, Telefónica currently has an average rating of “Hold”.

Telefónica Stock Performance

The company has a market cap of $27.27 billion, a P/E ratio of -29.50 and a beta of 0.67. The stock has a fifty day moving average price of $4.50 and a two-hundred day moving average price of $4.41. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.81.

Telefónica (NYSE:TEF) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. The firm had revenue of $11.04 billion for the quarter, compared to the consensus estimate of $10.85 billion. On average, equities analysts forecast that Telefónica, S.A. will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of Telefónica

Large investors have recently added to or reduced their stakes in the company. First Affirmative Financial Network increased its position in Telefónica by 5.0% in the 1st quarter. First Affirmative Financial Network now owns 64,102 shares of the utilities provider’s stock valued at $283,000 after acquiring an additional 3,038 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Telefónica by 113.9% in the first quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 3,135 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Telefónica by 171.6% during the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 3,590 shares during the period. 180 Wealth Advisors LLC lifted its holdings in shares of Telefónica by 11.4% during the 1st quarter. 180 Wealth Advisors LLC now owns 39,655 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 4,050 shares in the last quarter. Finally, BayBridge Capital Group LLC grew its position in shares of Telefónica by 5.4% in the 1st quarter. BayBridge Capital Group LLC now owns 87,105 shares of the utilities provider’s stock valued at $380,000 after purchasing an additional 4,492 shares during the period. 1.14% of the stock is owned by institutional investors.

About Telefónica

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.