The Madrid-based Telefonica S.A. (ADR) (NYSE:TEF), run by Chief Executive Officer Cesar Alierta, picked Jose Maria Alvarez-Pallete as chief operating officer as piece of a second top management restructuring in a year as the company attempts to stop a slide in its stock.
Telefonica, Spain’s biggest telephone company reported in a statement on Monday that Alvarez-Pallete, who was named head of Telefonica Europe previous year, now substitutes Julio Linares, who had been serving the corporation for over 40 years.
The corporation reported that board member former Merrill Lynch & Co. and Goldman Sachs Group Inc. executive Eva Castillo is substituting Alvarez-Pallete as head of the European unit.
Telefonica further reported that the management changes were effective immediately.
Shifting reader’s focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Telecom Italia S.p.A. (ADR) (NYSE:TI) fell -2.03% to settle at $10.64, America Movil SAB de CV (ADR) (NYSE:AMX) moved down -1.67% to end at $25.30 while Vodafone Group Plc (ADR) (NASDAQ:VOD) dropped -0.77% to finish at $28.25 on Monday.
Telefonica S.A. (ADR) (NYSE:TEF)’s last session volume of 2.28 million shares was higher than its average volume of 2.82 million shares. The stock after opening at $14.99 hit high price of $15.14 and then closed at $14.93 by scoring -0.60%.
TEF generated revenue of $82.59 billion in the following twelve months and earned $5.66 billion. The Company showed a positive 8.05% in the net profit margin as well as in its operating margin which remained at 14.33%. Company’s annual sales growth for the past five year was 3.50%.
The TEF’s past twelve months price to sales ratio was 0.83 and price to cash ratio remained 7.59. As far as the returns are concerned, the TEF’s return on equity was recorded as 21.04% and return on investment increased 5.74% while its return on asset stayed at 4.01%.
The stock showed weekly upbeat performance of +6.87% which was maintained for the month at +16.01%. Likewise the positive performance for the quarter was recorded as +24.52% and for the year was -12.64% while the YTD performance remained at -5.80%.
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