Telefonica S.A. (ADR) (TEF) is Downgraded by Goldman to Neutral

Telefonica S.A. (ADR) (TEF) was Downgraded by Goldman to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Goldman advised their investors in a research report released on Jun 28, 2016.

Many Wall Street Analysts have commented on Telefonica S.A. (ADR). Telefonica S.A. (ADR) was Upgraded by Credit Suisse to ” Neutral” on Apr 6, 2016. Telefonica S.A. (ADR) was Downgraded by Nomura to ” Reduce” on Apr 5, 2016.

Telefonica S.A. (ADR) closed down -0.16 points or -1.85% at $8.5 with 30,92,938 shares getting traded on Monday. Post opening the session at $8.49, the shares hit an intraday low of $8.34 and an intraday high of $8.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 Company’s 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.

Telefonica S.A. (ADR)

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