Telefonica SA (TEF) has risen sharply, recording gains of 1.13% in the past 4 weeks. However, the stock has corrected -0.3% in the past 1 week, providing a good buying opportunity on dips. Telefonica SA (TEF) : Traders are bullish on Telefonica SA (TEF) as it has outperformed the S&P 500 by a wide margin of 1.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.36%, relative to the S&P 500.
The shares have received a consensus rating of Sell for the current week The stock has recorded a twenty day Moving Average of 0.16% and the fifty day Moving Average is 2.01%. Telefonica, S.A. has dropped 6.36% during the last three month period . Year-to-Date the stock performance stands at -6.8%.
Telefonica SA (NYSE:TEF): On Fridays trading session , Opening price of the stock was $10 with an intraday high of $10.11. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.815. However, the stock managed to close at $9.87, a loss of 0.20% for the day. On the previous day, the stock had closed at $9.89. The total traded volume of the day was 2,491,785 shares.
Telefonica, S.A. is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company operates the following segments: Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica. These segments are engaged in activities relating to wireline, wireless, cable, Internet, television businesses and other digital services in accordance with each location. The Companys services and products include Mobile business, which offers mobile voice services, value added services, mobile data and Internet services, wholesale services, corporate services, roaming, fixed wireless, and trunking and paging; Fixed-line telephony business, which offers traditional fixed telecommunication services, Internet and broadband multimedia services, data and business-solutions services and wholesale services for telecommunication operators; and Digital services.