Telefónica (NYSE:TEF) Shares Gap Up – What’s Next?

Telefónica, S.A. (NYSE:TEF) gapped up before the market opened on Monday . The stock had previously closed at $4.91, but opened at $5.01. Telefónica shares last traded at $5.00, with a volume of 90,301 shares traded.

Analyst Ratings Changes

Several research firms have issued reports on TEF. DZ Bank downgraded Telefónica from a “hold” rating to a “strong sell” rating in a report on Friday, May 16th. StockNews.com lowered shares of Telefónica from a “buy” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, Sanford C. Bernstein began coverage on Telefónica in a report on Tuesday, April 22nd. They issued a “market perform” rating for the company. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Telefónica Stock Up 1.0%

The stock has a market capitalization of $28.80 billion, a P/E ratio of -19.54 and a beta of 0.46. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81. The stock’s fifty day moving average is $4.78 and its two-hundred day moving average is $4.45.

Telefónica (NYSE:TEF) last announced its earnings results on Wednesday, May 14th. The utilities provider reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $9.70 billion during the quarter, compared to analysts’ expectations of $10.06 billion. Telefónica had a negative net margin of 2.84% and a positive return on equity of 10.10%. As a group, research analysts predict that Telefónica, S.A. will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Telefónica

Institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp lifted its position in shares of Telefónica by 0.5% in the fourth quarter. Stifel Financial Corp now owns 464,198 shares of the utilities provider’s stock worth $1,866,000 after buying an additional 2,478 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in Telefónica by 71.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 2,603 shares in the last quarter. Gitterman Wealth Management LLC raised its stake in shares of Telefónica by 8.5% in the 4th quarter. Gitterman Wealth Management LLC now owns 41,311 shares of the utilities provider’s stock valued at $166,000 after buying an additional 3,246 shares in the last quarter. Cromwell Holdings LLC raised its holdings in shares of Telefónica by 50.4% in the 1st quarter. Cromwell Holdings LLC now owns 10,031 shares of the utilities provider’s stock worth $47,000 after buying an additional 3,361 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC raised its stake in Telefónica by 0.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 391,277 shares of the utilities provider’s stock worth $1,573,000 after acquiring an additional 3,500 shares in the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.