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Telefonica S.A. (NYSE:TEF) posted its quarterly earnings results on Thursday. The company reported $0.38 earnings per share for the quarter, American Banking reports.

Shares of Telefonica S.A. (NYSE:TEF) traded down 2.22% during mid-day trading on Thursday, hitting $16.26. 770,236 shares of the company’s stock traded hands. Telefonica S.A. has a 52 week low of $13.50 and a 52 week high of $18.05. The stock’s 50-day moving average is $16.82 and its 200-day moving average is $16.20. The company has a market cap of $73.235 billion and a price-to-earnings ratio of 12.86.

A number of analysts have recently weighed in on TEF shares. Analysts at Zacks reiterated a “neutral” rating on shares of Telefonica S.A. in a research note on Thursday, July 3rd. They now have a $18.00 price target on the stock. Analysts at TheStreet downgraded shares of Telefonica S.A. from a “buy” rating to a “hold” rating in a research note on Friday, May 16th. Four analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Telefonica S.A. currently has an average rating of “Hold” and a consensus price target of $18.00.

Telefonica SA is a Spain-based company active in the telecommunications and digital services sectors.

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