Telefonica (NYSE:TEF) Issues Quarterly Earnings Results

Telefonica (NYSE:TEF) issued its quarterly earnings results on Tuesday. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, reports. Telefonica had a net margin of 4.03% and a return on equity of 14.01%. The firm had revenue of $13.23 billion for the quarter.

TEF stock traded down $0.05 during midday trading on Friday, hitting $7.54. The company’s stock had a trading volume of 1,340,855 shares, compared to its average volume of 1,806,472. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.84 and a quick ratio of 0.79. Telefonica has a twelve month low of $6.50 and a twelve month high of $9.08. The company’s fifty day moving average price is $7.65 and its 200 day moving average price is $7.77. The stock has a market capitalization of $39.30 billion, a P/E ratio of 7.94, a PEG ratio of 1.50 and a beta of 0.73.

A number of hedge funds have recently modified their holdings of the business. Morgan Stanley grew its position in shares of Telefonica by 62.1% in the 2nd quarter. Morgan Stanley now owns 18,354,264 shares of the utilities provider’s stock valued at $152,155,000 after acquiring an additional 7,032,053 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Telefonica during the 2nd quarter worth about $7,031,000. First Trust Advisors LP boosted its holdings in shares of Telefonica by 308.3% during the 1st quarter. First Trust Advisors LP now owns 755,382 shares of the utilities provider’s stock worth $6,315,000 after buying an additional 570,383 shares during the period. Bank of America Corp DE boosted its holdings in shares of Telefonica by 88.2% during the 2nd quarter. Bank of America Corp DE now owns 960,854 shares of the utilities provider’s stock worth $7,965,000 after buying an additional 450,434 shares during the period. Finally, Hamilton Wealth LLC boosted its holdings in shares of Telefonica by 105.7% during the 3rd quarter. Hamilton Wealth LLC now owns 772,495 shares of the utilities provider’s stock worth $5,871,000 after buying an additional 396,920 shares during the period. Hedge funds and other institutional investors own 0.97% of the company’s stock.

Several equities research analysts have issued reports on TEF shares. UBS Group lowered shares of Telefonica from a “buy” rating to a “neutral” rating in a research note on Thursday, August 8th. Macquarie upgraded shares of Telefonica from a “neutral” rating to an “outperform” rating in a research note on Tuesday, September 3rd. ValuEngine upgraded shares of Telefonica from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America lowered shares of Telefonica from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 13th. Finally, TheStreet lowered shares of Telefonica from a “b-” rating to a “c+” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Telefonica has a consensus rating of “Hold” and a consensus price target of $8.50.

About Telefonica

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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Earnings History for Telefonica (NYSE:TEF)

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