Telefonica SA (ADR) (NYSE:TEF), the former Spanish phone monopoly reeling from plummeting sales at home, is plotting to claw back control from Google Inc (NASDAQ:GOOG) in Latin America.
Telefonica is planning a phone software system that is freely available to network operators and makers, close to Google’s Android, the world’s major platform. For network carriers, it’s a chance to have a say over what users observe, use and acquire via their smart phones, lost to Google and Apple Inc (NASDAQ:AAPL) when such phones became must-have gadgets.
The company has cooperated with Mozilla Corp, the company whose Firefox program challenged the supremacy of Microsoft Corporation’s (NASDAQ:MSFT) Web browser.
Current week, 6 additional companies, comprising Germany’s Deutsche Telekom AG and Sprint Nextel Corp, reported that they would use the platform in other countries, like Poland.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Telefonica Brasil SA (ADR) (NYSE:VIV) decreased -1.21% to settle at $25.30, BT Group plc (ADR) (NYSE:BT) moved down -1.78% to end at $33.11 while America Movil SAB de CV (ADR) (NYSE:AMX) plunged -2.09% to finish on Thursday at $25.76.
Telefonica S.A. (ADR) (NYSE:TEF) began the last trading session with a price of $12.73 and throughout the session climbed at a high of $13.02 but when day-trade ended the stock finally plunged -4.46% to $12.65.
TEF had a trade volume of 4.11 million shares was lower as compared to average trading capacity of 4.98 million shares.
The stock is ahead its 52 week low with +16.06% and lagging behind from its 52 week high price with -40.31%. TEF last month stock price volatility remained 2.25%. In its share capital TEF has 4.56 billion outstanding shares among them 1.33 billion shares have been floated in market exchange. TEF stock institutional ownership remained 2.48%.
Shares price of TEF moved forward from its 20 days moving average with +2.06% and remote positively from 50 days moving average with +0.83%. TEF current year earnings per share experienced an addition with -46.68% while its current quarter performance remained -12.34%. Company’s beta coefficient included 1.05. Beta factors measures the amount of market risk associated with market trade.
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