Telefonica SA (TEF) : 1 brokerage houses believe that Telefonica SA (TEF) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Telefonica SA (TEF). Zacks Investment Research suggests a Hold with a rank of 3. 2 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
Telefonica SA (NYSE:TEF): The stock opened at $9.04 on Wednesday but the bulls could not build on the opening and the stock topped out at $9.15 for the day. The stock traded down to $8.91 during the day, due to lack of any buying support eventually closed down at $9.12 with a loss of -0.65% for the day. The stock had closed at $9.18 on the previous day. The total traded volume was 2,428,184 shares.
Also, Goldman Sachs downgrades its rating on Telefonica SA (NYSE:TEF). Analysts at the Goldman Sachs have a current rating of Neutral on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 28, 2016. The company shares have dropped -31.80% from its 1 Year high price. On Aug 11, 2015, the shares registered one year high at $15.54 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $9.92 and the 200 Day Moving Average price is recorded at $10.45.
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.