The stock of Telefonica S.A. (ADR) (NYSE:TEF) is a huge mover today! About 1.90M shares traded hands or 11.11% up from the average. Telefonica S.A. (ADR) (NYSE:TEF) has declined 9.76% since March 8, 2016 and is downtrending. It has underperformed by 19.07% the S&P500.
The move comes after 5 months positive chart setup for the $49.27 billion company. It was reported on Oct, 11 by Barchart.com. We have $12.21 PT which if reached, will make NYSE:TEF worth $12.81 billion more.
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. Credit Suisse upgraded it to “Neutral” rating and $10 target price in Wednesday, April 6 report. Macquarie Research downgraded the shares of TEF in a report on Monday, August 24 to “Underperform” rating. Goldman Sachs downgraded Telefonica S.A. (ADR) (NYSE:TEF) on Tuesday, June 28 to “Neutral” rating. The rating was downgraded by TheStreet on Saturday, September 5 to “Hold”. The firm has “Underperform” rating by Credit Suisse given on Monday, October 19. The stock of Telefonica S.A. (ADR) (NYSE:TEF) earned “Outperform” rating by Macquarie Research on Thursday, January 21. As per Wednesday, September 2, the company rating was downgraded by Bank of America.
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.”
Another recent and important Telefonica S.A. (ADR) (NYSE:TEF) news was published by Marketwatch.com which published an article titled: “/quotes/zigman/3870025/realtime” on May 13, 2009.
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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