Telefónica (NYSE:TEF) Announces Earnings Results

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

Telefónica Stock Performance

NYSE TEF traded up $0.01 on Thursday, reaching $4.45. The stock had a trading volume of 639,650 shares, compared to its average volume of 664,617. The company has a market cap of $25.20 billion, a P/E ratio of -17.10 and a beta of 0.68. Telefónica has a 1-year low of $3.89 and a 1-year high of $4.93. 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 firm has a fifty day moving average of $4.10 and a two-hundred day moving average of $4.43.

Telefónica Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, January 10th. Investors of record on Wednesday, December 18th were paid a $0.1576 dividend. This represents a yield of 5.2%. The ex-dividend date of this dividend was Wednesday, December 18th. Telefónica’s dividend payout ratio (DPR) is presently -84.62%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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 issued a hold rating to the company. Based on data from MarketBeat.com, Telefónica currently has a consensus rating of “Hold”.

About Telefónica

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.