Telefonica SA (TEF): Today's Featured Technology Loser

Telefonica ( TEF) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day down 0.6%. By the end of trading, Telefonica fell 43 cents (-2.9%) to $14.63 on average volume. Throughout the day, 4.3 million shares of Telefonica exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $14.55-$14.85 after having opened the day at $14.81 as compared to the previous trading day's close of $15.06. Other company's within the Technology sector that declined today were: Vimicro International Corporation ( VIMC), down 13.5%, Nam Tai Electronics ( NTE), down 11.6%, Groupon ( GRPN), down 10.6%, and Aetrium Incorporated ( ATRM), down 10%.

Telefonica, S.A. provides fixed and mobile telephony services primarily in Spain, Latin America, and rest of Europe. Telefonica has a market cap of $67.64 billion and is part of the telecommunications industry. Currently there is one analyst that rates Telefonica a buy, no analysts rate it a sell, and four rate it a hold.

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 a generally disappointing performance in the stock itself.

On the positive front, Powerwave Technologies ( PWAV), up 15.3%, Demand Media ( DMD), up 14.6%, Tucows ( TCX), up 14.3%, and ClearSign Combustion ( CLIR), up 13.1%, were all gainers within the technology sector with Atmel Corporation ( ATML) being today's featured technology sector winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).
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