Telefónica (NYSE:TEF) Announces Quarterly Earnings Results

Telefónica (NYSE:TEF) posted its earnings results on Thursday. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01), Zacks reports. Telefónica had a negative net margin of 2.84% and a positive return on equity of 10.10%.

Telefónica Stock Up 0.1 %

Shares of TEF traded up $0.01 on Thursday, reaching $4.45. The stock had a trading volume of 426,473 shares, compared to its average volume of 658,987. The firm has a market capitalization of $25.20 billion, a price-to-earnings ratio of -17.10 and a beta of 0.68. The company has a 50-day simple moving average of $4.10 and a 200-day simple moving average of $4.43. Telefónica has a 12-month low of $3.89 and a 12-month high of $4.93. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85.

Telefónica Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, January 10th. Stockholders of record on Wednesday, December 18th were given a $0.1576 dividend. This represents a dividend yield of 5.2%. The ex-dividend date was Wednesday, December 18th. Telefónica’s dividend payout ratio is currently -84.62%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Telefónica from a “buy” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, Telefónica has an average rating of “Hold”.

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.