Telefónica, S.A. (NYSE:TEF) Receives Average Rating of “Reduce” from Brokerages

Telefónica, S.A. (NYSE:TEF) has received a consensus rating of “Reduce” from the five research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company.

TEF has been the subject of several analyst reports. Bank of America downgraded shares of Telefónica from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. HSBC upgraded shares of Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. Hsbc Global Res upgraded Telefónica to a “hold” rating in a research report on Wednesday, October 2nd. Finally, StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a research report on Friday, November 8th.

Institutional Trading of Telefónica

Several hedge funds have recently modified their holdings of TEF. Russell Investments Group Ltd. lifted its stake in shares of Telefónica by 113.9% during the first quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 3,135 shares during the period. Blair William & Co. IL acquired a new position in Telefónica during the 1st quarter valued at about $295,000. O Shaughnessy Asset Management LLC boosted its stake in shares of Telefónica by 21.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 300,304 shares of the utilities provider’s stock valued at $1,324,000 after purchasing an additional 52,586 shares during the last quarter. Pitcairn Co. acquired a new stake in shares of Telefónica during the 1st quarter worth approximately $88,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Telefónica by 171.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock valued at $25,000 after buying an additional 3,590 shares during the period. 1.14% of the stock is owned by institutional investors.

Telefónica Stock Performance

Telefónica stock opened at $4.53 on Friday. The firm has a market capitalization of $25.69 billion, a P/E ratio of -17.42 and a beta of 0.67. The stock has a fifty day moving average price of $4.66 and a two-hundred day moving average price of $4.54. Telefónica has a 52-week low of $3.82 and a 52-week high of $4.93. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81.

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.