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

Telefonica ( TEF) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day up 1%. By the end of trading, Telefonica rose 25 cents (2.1%) to $12.21 on light volume. Throughout the day, 2.6 million shares of Telefonica exchanged hands as compared to its average daily volume of five million shares. The stock ranged in a price between $12-$12.27 after having opened the day at $12 as compared to the previous trading day's close of $11.96. Other companies within the Technology sector that increased today were: Deltathree ( DDDC), up 110.5%, Trunkbow International Holdings ( TBOW), up 16%, MER Telemanagement Solutions ( MTSL), up 13.5%, and Ascent Solar Technologies ( ASTI), up 12.3%.

Telefonica, S.A. provides fixed and mobile telephony services primarily in Spain, Latin America, and rest of Europe. Telefonica has a market cap of $56.55 billion and is part of the telecommunications industry. The company has a P/E ratio of 57.4, above the average telecommunications industry P/E ratio of 9.3 and above the S&P 500 P/E ratio of 17.7. Shares are down 27.9% year to date as of the close of trading on Thursday. 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 attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and poor profit margins.

On the negative front, Lexmark International ( LXK), down 16.2%, Intelligent Systems ( INS), down 12%, Dynasil Corporation of America ( DYSL), down 10.1%, and Astea International ( ATEA), down 9.4%, were all losers within the technology sector with Frontier Communications Corp Class B ( FTR) being today's technology sector loser.

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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