Live Price Coverage: Telefonica S.A. (ADR)’s Stock Is Sell After Achieving 1 Year Low

Live Price Coverage: Telefonica S.A. (ADR)'s Stock Is Sell After Achieving 1 Year Low

The stock of Telefonica S.A. (ADR) (NYSE:TEF) hit a new 52-week low and has $7.87 target or 6.00% below today’s $8.37 share price. The 9 months bearish chart indicates high risk for the $42.57B company. The 1-year low was reported on Nov, 24 by Barchart.com. If the $7.87 price target is reached, the company will be worth $2.55B 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. The stock decreased 1.18% or $0.1 on November 23, hitting $8.37. About 1.49M shares traded hands. Telefonica S.A. (ADR) (NYSE:TEF) has declined 24.32% since April 22, 2016 and is downtrending. It has underperformed by 29.73% the S&P500.

Analysts await Telefonica S.A. (ADR) (NYSE:TEF) to report earnings on February, 24. They expect $0.18 EPS, up 20.00% or $0.03 from last year’s $0.15 per share. TEF’s profit will be $915.48 million for 11.63 P/E if the $0.18 EPS becomes a reality. After $0.21 actual EPS 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. RBC Capital Markets initiated Telefonica S.A. (ADR) (NYSE:TEF) on Thursday, October 20 with “Underperform” rating. As per Saturday, September 5, the company rating was downgraded by TheStreet. The company was upgraded on Thursday, January 21 by Macquarie Research. The firm earned “Underperform” rating on Wednesday, September 2 by Bank of America. Credit Suisse downgraded the stock to “Underperform” rating in Monday, October 19 report. Goldman Sachs downgraded the stock to “Neutral” rating in Tuesday, June 28 report. The stock of Telefonica S.A. (ADR) (NYSE:TEF) earned “Underperform” rating by Macquarie Research on Monday, August 24. The rating was upgraded by Credit Suisse on Wednesday, April 6 to “Neutral”.

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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