Price Action to Note: Telefonica S.A. (ADR) Can’t Be More Safe. Trades Significantly Higher

Price Action to Note: Telefonica S.A. (ADR) Can't Be More Safe. Trades Significantly Higher

The stock of Telefonica S.A. (ADR) (NYSE:TEF) is a huge mover today! About 714,972 shares traded hands. Telefonica S.A. (ADR) (NYSE:TEF) has declined 25.65% since April 26, 2016 and is downtrending. It has underperformed by 30.91% the S&P500.
The move comes after 5 months positive chart setup for the $42.16B company. It was reported on Nov, 29 by Barchart.com. We have $9.01 PT which if reached, will make NYSE:TEF worth $3.37 billion more.

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 $909.93 million for 11.58 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. Credit Suisse upgraded Telefonica S.A. (ADR) (NYSE:TEF) on Wednesday, April 6 to “Neutral” rating. The firm earned “Neutral” rating on Tuesday, June 28 by Goldman Sachs. The rating was downgraded by Macquarie Research to “Underperform” on Monday, August 24. On Thursday, October 20 the stock rating was initiated by RBC Capital Markets with “Underperform”. The company was downgraded on Wednesday, September 2 by Bank of America. The stock has “Hold” rating given by TheStreet on Saturday, September 5. Macquarie Research upgraded the stock to “Outperform” rating in Thursday, January 21 report. The firm has “Underperform” rating by Credit Suisse given on Monday, October 19.

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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