Telefonica SA (TEF) Sees Unusually-High Trading Volume
Telefonica SA (NYSE:TEF) saw unusually-high trading volume on Thursday . Approximately 1,474,964 shares changed hands during trading, an increase of 6% from the previous session’s volume of 1,390,688 shares.The stock last traded at $10.11 and had previously closed at $10.06.
TEF has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Telefonica SA in a research report on Wednesday, May 11th. Credit Suisse Group AG lowered Telefonica SA to a “hold” rating in a research report on Thursday, May 26th. Zacks Investment Research lowered Telefonica SA from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. Finally, Goldman Sachs Group Inc. lowered Telefonica SA from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of €11.00 ($12.36).
The stock has a market cap of $59.78 billion and a P/E ratio of 28.73. The firm’s 50-day moving average price is $9.83 and its 200 day moving average price is $10.25.
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. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.
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