Telefónica (NYSE:TEF) Stock Price Passes Below 50-Day Moving Average – Here’s What Happened

Telefónica, S.A. (NYSE:TEF) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.31 and traded as low as $3.94. Telefónica shares last traded at $3.95, with a volume of 734,699 shares trading hands.

Analyst Ratings Changes

Several equities analysts have issued reports on TEF shares. Hsbc Global Res raised Telefónica to a “hold” rating in a report on Wednesday, October 2nd. StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, HSBC upgraded shares of Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Telefónica Stock Down 1.3 %

The firm’s 50-day simple moving average is $4.31 and its two-hundred day simple moving average is $4.49. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81. The company has a market capitalization of $22.40 billion, a price-to-earnings ratio of -15.19 and a beta of 0.68.

Telefónica Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, January 10th. Investors of record on Wednesday, December 18th were issued 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%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in Telefónica during the 3rd quarter valued at $45,000. Abel Hall LLC acquired a new stake in shares of Telefónica during the third quarter valued at $53,000. Decatur Capital Management Inc. purchased a new stake in Telefónica during the 2nd quarter worth about $70,000. GAMMA Investing LLC increased its position in Telefónica by 18.3% during the 4th quarter. GAMMA Investing LLC now owns 18,975 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 2,936 shares in the last quarter. Finally, Legacy Financial Advisors Inc. acquired a new position in Telefónica in the 2nd quarter valued at about $85,000. Institutional investors and hedge funds own 1.14% of the company’s stock.

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.