Telefonica S.A ADR (NYSE: TEF): Aiming For A Higher Share Price

Telefonica S.A ADR (NYSE:TEF) shares, rose in value, with the stock price up by 1.81% to the previous day’s close as strong demand from buyers drove the stock to $4.50.

Actively observing the price movement in the last trading, the stock closed the session at $4.42. Referring to stock’s 52-week performance, its high was $4.53, and the low was $3.71. On the whole, TEF has fluctuated by 2.04% over the past month.

The company’s Forward Dividend Ratio is 0.33, with its dividend yield at 7.30%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 46.42B, with a low estimate of 11.1B and a high estimate of 11.1B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 11.81B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TEF’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TEF currently trading nearly 4.61% and 6.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.18, while the 7-day volatility ratio is showing 1.03% which for the 30-day chart, stands at 1.20%. Furthermore, Telefonica S.A ADR (TEF)’s beta value is 0.68, and its average true range (ATR) is 0.07.

A comparison of Telefonica S.A ADR (TEF) with its peers suggests the former has fared considerably weaker in the market. TEF showed an intraday change of 1.81% in last session, and over the past year, it grew by 1.35%%.

Data on historical trading for Telefonica S.A ADR (NYSE:TEF) indicates that the trading volumes over the past 3 months, they’ve averaged 790.07K. According to company’s latest data on outstanding shares, there are 5.66 billion shares outstanding.

Nearly 0.00% of Telefonica S.A ADR’s shares belong to company insiders and institutional investors own 1.17% of the company’s shares. The stock has risen by 15.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TEF stock heading into the next quarter.

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