The trading price of Telefonica, S.A. (NYSE:TEF) floating higher at last check on Wednesday, Jan 13, closing at $4.44, 8.56% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $4.8000 and $4.9000. The company’s P/E ratio in the trailing 12-month period was 96.52, while its 5Y monthly beta was 0.86. In examining the 52-week price action we see that the stock hit a 52-week high of $6.45 and a 52-week low of $3.06. Over the past month, the stock has suffered -1.87% in value.
On the technical side, indicators suggest TEF has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TEF a recommendation rating is 25. Out of them, 11 rate it a Hold, while 10 recommend Buy, whereas 2 assign an Outperform rating. None analyst(s) have tagged Telefonica, S.A. (TEF) as Underperform, while 2 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 3.94, which symbolizes a positive outlook. A quick review shows that TEF’s price is currently 15.49% off the SMA20 and 19.59% off the SMA50. The RSI metric on the 14-day chart is currently showing 74.05, and weekly volatility stands at 1.65%. When measured over the past 30 days, the indicator reaches 1.53%. Telefonica, S.A. (NYSE:TEF)’s beta value is currently sitting at 0.86, while the Average True Range indicator is currently displaying 0.1. With analysts defining $3.19-$10.94 as the low and high price targets, we arrive at a consensus price target of $5.77 for the trailing 12-month period. The current price is about -33.82% off the estimated low and 126.97% off the forecast high, based on this estimate. Investors will be thrilled if TEF’s share price rises to $5.31, which is the median consensus price. At that level, TEF’s share price would be +10.17% above current price.
To see how Telefonica, S.A. stock has been performing today in comparison to its peers in the industry, here are the numbers: TEF stock’s performance was +8.56% at last check in today’s session, and -27.97% in the past year, while BCE Inc (BCE) has been trading +0.15% in recent session and positioned -7.47% lower than it was a year ago. Another comparable company Chunghwa Telecom CO Ltd (CHT) saw its stock trading 1.17% higher in today’s session but was up +7.41% in a year. Furthermore, Telus Corp (TU) showed an increase of 8.56% today while its price kept declining at -27.97% over the past year. Telefonica, S.A. has a P/E ratio of 96.52, compared to BCE Inc’s 21.89 and Chunghwa Telecom CO Ltd’s 26.03. Also during today’s trading, the S&P 500 Index has surged 0.11%, while the Dow Jones Industrial also saw a negative seesion, down -0.1% today.
An evaluation of the daily trading volume of Telefonica, S.A. (NYSE:TEF) indicates that the 3-month average is 2.36 Million. However, this figure has declined over the past 10 days to an average of 2.13 Million.
Currently, records show that 5.25 Billion of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0.01% of outstanding shares, whereas institutions hold 0.88%. The stats also highlight that short interest as of December 30, 2020, stood at 6.02 Million shares, resulting in a short ratio of 2.91 at that time. From this, we can conclude that short interest is 0.11% of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 6.17 Million. However, since the stock’s price has seen +9.9% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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