Telefonica SA (TEF) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS
Telefonica SA (NYSE:TEF) released its earnings results on Thursday. The utilities provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05), MarketWatch Earnings reports. Telefonica SA had a return on equity of 29.02% and a net margin of 5.18%.
Shares of Telefonica SA (NYSE TEF) traded down 1.25% on Thursday, reaching $10.24. 2,296,169 shares of the company were exchanged. Telefonica SA has a 12 month low of $8.15 and a 12 month high of $11.64. The stock has a 50 day moving average price of $10.66 and a 200-day moving average price of $10.90. The stock has a market capitalization of $52.46 billion, a P/E ratio of 17.24 and a beta of 1.31.
Several research firms have recently weighed in on TEF. BidaskClub raised shares of Telefonica SA from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Telefonica SA from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 27th. Citigroup Inc reissued a “buy” rating on shares of Telefonica SA in a research report on Tuesday, July 25th. J P Morgan Chase & Co downgraded shares of Telefonica SA from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 5th. Finally, ValuEngine downgraded shares of Telefonica SA from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $11.00.
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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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