Telefonica (NYSE:TEF) released its earnings results on Wednesday. The utilities provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.05, MarketWatch Earnings reports. Telefonica had a net margin of 6.52% and a return on equity of 16.12%. The firm had revenue of $13.60 billion during the quarter.
TEF traded up $0.24 during trading on Thursday, reaching $8.45. 2,590,300 shares of the company’s stock were exchanged, compared to its average volume of 1,462,456. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.65 and a current ratio of 0.70. Telefonica has a fifty-two week low of $7.70 and a fifty-two week high of $10.57. The firm has a market capitalization of $41.69 billion, a PE ratio of 10.05 and a beta of 1.02.
A number of analysts have commented on TEF shares. JPMorgan Chase & Co. lowered shares of Telefonica from a “neutral” rating to an “underweight” rating in a report on Tuesday, September 11th. Jefferies Financial Group raised shares of Telefonica from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Zacks Investment Research raised shares of Telefonica from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 1st. Finally, Goldman Sachs Group lowered shares of Telefonica from a “buy” rating to a “neutral” rating in a report on Friday, July 20th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $11.00.
Telefonica Company Profile
Telefónica, SA provides mobile and fixed communication services primarily in the European Union 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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