The market has been high on Telefonica S.A. (TEF) stock recently. TEF gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With TEF Stock Today?
Telefonica S.A. (TEF) stock is down -2.85% while the S&P 500 is up 0.88% as of 9:48 AM on Monday, Oct 12. TEF has fallen -$0.11 from the previous closing price of $3.86 on volume of 323,302 shares. Over the past year the S&P 500 is up 17.23% while TEF has fallen -51.30%. TEF lost -$0.02 per share in the over the last 12 months.
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More About Telefonica S.A.
Telefonica is the incumbent telephone operator in Spain, which accounts for about 26% of the group's sales. Besides Spain; Brazil, Germany and U.K. are key markets. Management intends to spin off its Latin American operations, except Brazil. The firm has launched two new business units: Telefonica Tech and Telefonica Infrastructure. Telefonica Tech, a B2B segment offers cybersecurity, the Internet of Things, big data, and cloud services. Telefonica Infrastructure manages the firm's infrastructure assets (towers, antenna systems, data centers, and greenfield fiber projects).
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