Telefónica (NYSE:TEF) Sets New 52-Week High at $4.59

Telefónica, S.A. (NYSE:TEF - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $4.59 and last traded at $4.59, with a volume of 6901 shares changing hands. The stock had previously closed at $4.56.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Telefónica from a "buy" rating to a "hold" rating in a research note on Monday, March 11th.

Telefónica Price Performance

The company has a market cap of $26.31 billion, a price-to-earnings ratio of -21.69, a P/E/G ratio of 3.14 and a beta of 0.69. The company has a 50 day moving average price of $4.30 and a 200-day moving average price of $4.12. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 1.23.

Telefónica (NYSE:TEF - Get Free Report) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. Telefónica had a negative net margin of 2.16% and a positive return on equity of 7.38%. The business had revenue of $10.93 billion during the quarter, compared to analyst estimates of $12.09 billion. During the same period in the previous year, the business posted $0.12 earnings per share. As a group, equities research analysts predict that Telefónica, S.A. will post 0.33 EPS for the current fiscal year.

Institutional Trading of Telefónica

Several institutional investors have recently added to or reduced their stakes in TEF. Gallacher Capital Management LLC lifted its stake in shares of Telefónica by 6.9% in the 1st quarter. Gallacher Capital Management LLC now owns 93,158 shares of the utilities provider's stock worth $411,000 after purchasing an additional 5,998 shares during the period. Catalina Capital Group LLC purchased a new position in shares of Telefónica during the 1st quarter worth $83,000. Callan Capital LLC grew its position in shares of Telefónica by 39.0% during the 1st quarter. Callan Capital LLC now owns 23,560 shares of the utilities provider's stock valued at $104,000 after acquiring an additional 6,611 shares during the period. BNP Paribas Financial Markets lifted its position in Telefónica by 131.4% during the first quarter. BNP Paribas Financial Markets now owns 99,812 shares of the utilities provider's stock valued at $440,000 after purchasing an additional 56,683 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Telefónica during the 1st quarter valued at about $34,000. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.