NEW YORK ( TheStreet) -- Telefonica (NYSE: TEF) hit a new 52-week low Tuesday as it is currently trading at $16.10, below its previous 52-week low of $16.16 with 1.3 million shares traded as of 11:35 a.m. ET. Average volume has been 3.6 million shares over the past 30 days.

Telefonica has a market cap of $78.46 billion and is part of the technology sector and telecommunications industry. Shares are down 4.1% year to date as of the close of trading on Monday.

Telefonica, S.A. provides fixed and mobile telephony services primarily in Spain, rest of Europe, and Latin America. The company has a P/E ratio of 57.4, above the average telecommunications industry P/E ratio of 45.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Telefonica as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and poor profit margins. You can view the full Telefonica Ratings Report.

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