Price Action to Note: Telefonica S.A. (ADR) Stock Is Crashing Now

Price Action to Note: Telefonica S.A. (ADR) Stock Is Crashing Now

The stock of Telefonica S.A. (ADR) (NYSE:TEF) is a huge mover today! The stock decreased 1.75% or $0.18 during the last trading session, hitting $10.08. About 2.95M shares traded hands or 103.45% up from the average. Telefonica S.A. (ADR) (NYSE:TEF) has risen 1.41% since February 29, 2016 and is uptrending. It has underperformed by 9.02% the S&P500.
The move comes after 6 months negative chart setup for the $50.22B company. It was reported on Oct, 1 by We have $9.17 PT which if reached, will make NYSE:TEF worth $4.52B less.

Analysts await Telefonica S.A. (ADR) (NYSE:TEF) to report earnings on November, 4.

Telefonica S.A. (ADR) (NYSE:TEF) Ratings Coverage

Out of 5 analysts covering Telefonica S.A. (NYSE:TEF), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. Telefonica S.A. has been the topic of 7 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, April 6 by Credit Suisse. The company was upgraded on Thursday, January 21 by Macquarie Research. Credit Suisse downgraded the stock to “Underperform” rating in Monday, October 19 report. Bank of America downgraded the shares of TEF in a report on Wednesday, September 2 to “Underperform” rating. The company was downgraded on Tuesday, June 28 by Goldman Sachs. The firm has “Hold” rating given on Saturday, September 5 by TheStreet. The firm has “Underperform” rating by Macquarie Research given on Monday, August 24.

According to Zacks Investment Research, “Telefonica is the largest supplier of telecommunications services in the Spanish and Portuguese speaking world. They provide fixed-link public voice telephone, mobile phone service, internet access, data transmission, directories and broadcast media.”

More news for Telefonica S.A. (ADR) (NYSE:TEF) were recently published by:, which released: “Telefonica SA” on May 11, 2009.‘s article titled: “Worst Performing Industries For September 30, 2016” and published on September 30, 2016 is yet another important article.

TEF Company Profile

Telefonica, S.A., incorporated on April 19, 1924, is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. The Company’s divisions include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay). These divisions are engaged in activities relating to wireline, wireless, cable, data, Internet and television (TV) businesses and other digital services in accordance with each location.

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