Telefonica (TEF) Shares Gap Down to $10.03

Telefonica S.A. (NYSE:TEF)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $10.27, but opened at $10.03. Telefonica shares last traded at $9.78, with a volume of 2284390 shares.

Several research firms recently issued reports on TEF. J P Morgan Chase & Co lowered Telefonica from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 5th. Sanford C. Bernstein lowered Telefonica from a “market perform” rating to an “underperform” rating in a research note on Monday. Barclays raised Telefonica from an “underweight” rating to an “equal weight” rating in a research note on Friday, October 20th. ValuEngine lowered Telefonica from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Citigroup reissued a “buy” rating on shares of Telefonica in a research note on Monday, September 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $11.70.

The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 1.79. The company has a market cap of $49,269.72, a PE ratio of 5.75 and a beta of 1.29.

The firm also recently announced a semiannual dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.2383 per share. This represents a dividend yield of 4.67%. The ex-dividend date is Tuesday, December 12th. Telefonica’s dividend payout ratio (DPR) is presently 34.00%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in Telefonica during the 3rd quarter worth approximately $110,000. Advisor Group Inc. grew its stake in Telefonica by 3.1% during the 2nd quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock worth $138,000 after buying an additional 406 shares during the last quarter. Raymond James Trust N.A. grew its stake in Telefonica by 31.9% during the 2nd quarter. Raymond James Trust N.A. now owns 13,452 shares of the utilities provider’s stock worth $139,000 after buying an additional 3,252 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Telefonica by 0.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock worth $142,000 after buying an additional 118 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in Telefonica by 1.1% during the 2nd quarter. Wedbush Securities Inc. now owns 14,357 shares of the utilities provider’s stock worth $149,000 after buying an additional 151 shares during the last quarter. 0.92% of the stock is currently owned by institutional investors and hedge funds.

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Telefonica Company Profile

Telefonica, SA 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. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

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