Stock of the Day: What’s Ahead for Telefonica S.A. (ADR) After Touching Yearly Low?

Stock of the Day: What's Ahead for Telefonica S.A. (ADR) After Touching Yearly Low?

The stock of Telefonica S.A. (ADR) (NYSE:TEF) hit a new 52-week low and has $7.74 target or 6.00% below today’s $8.23 share price. The 6 months bearish chart indicates high risk for the $42.00B company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $7.74 price target is reached, the company will be worth $2.52 billion less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 309,453 shares traded hands. Telefonica S.A. (ADR) (NYSE:TEF) has declined 25.52% since April 28, 2016 and is downtrending. It has underperformed by 31.44% the S&P500.

Analysts await Telefonica S.A. (ADR) (NYSE:TEF) to report earnings on February, 24. They expect $0.18 earnings per share, up 20.00% or $0.03 from last year’s $0.15 per share. TEF’s profit will be $918.59M for 11.43 P/E if the $0.18 EPS becomes a reality. After $0.21 actual earnings per share reported by Telefonica S.A. (ADR) for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.

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

Out of 6 analysts covering Telefonica S.A. (NYSE:TEF), 1 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 17% are positive. Telefonica S.A. has been the topic of 8 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The rating was downgraded by TheStreet to “Hold” on Saturday, September 5. The stock of Telefonica S.A. (ADR) (NYSE:TEF) earned “Underperform” rating by RBC Capital Markets on Thursday, October 20. The stock of Telefonica S.A. (ADR) (NYSE:TEF) has “Underperform” rating given on Wednesday, September 2 by Bank of America. Credit Suisse downgraded the shares of TEF in a report on Monday, October 19 to “Underperform” rating. On Wednesday, April 6 the stock rating was upgraded by Credit Suisse to “Neutral”. The stock of Telefonica S.A. (ADR) (NYSE:TEF) earned “Neutral” rating by Goldman Sachs on Tuesday, June 28. The firm has “Underperform” rating given on Monday, August 24 by Macquarie Research. On Thursday, January 21 the stock rating was upgraded by Macquarie Research to “Outperform”.

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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