Telefonica SA (NYSE:TEF) Stock Rated “Reduce” by Sell-Side Brokerages

Telefonica SA (NYSE:TEF) has been given an average recommendation of “Reduce” by the six research firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $4.12.

A number of research firms recently issued reports on TEF. BNP Paribas Exane upgraded shares of Telefonica to a “neutral” rating and set a $4.40 target price on the stock in a research note on Wednesday, September 9th. New Street Research downgraded Telefonica from a “reduce” rating to a “sell” rating in a research report on Friday, August 21st.

Telefonica Stock Performance

NYSE:TEF opened at $3.81 on Friday. The company’s 50 day moving average is $3.81 and its 200-day moving average is $3.81. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 1.44. Telefonica has a 12 month low of $3.80 and a 12 month high of $5.72. The firm has a market cap of $21.60 billion, a price-to-earnings ratio of -9.29, a P/E/G ratio of 0.26 and a beta of 0.29.

Institutional Trading of Telefonica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. increased its position in Telefonica by 52.5% in the 1st quarter. Assetmark Inc. now owns 266,549 shares of the utilities provider’s stock worth $1,016,000 after buying an additional 91,749 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of Telefonica by 178.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 15,732 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 10,075 shares during the period. GAMMA Investing LLC grew its stake in shares of Telefonica by 105.6% in the second quarter. GAMMA Investing LLC now owns 11,352 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 5,831 shares during the last quarter. Finally, Cozad Asset Management Inc. grew its stake in shares of Telefonica by 11.2% in the first quarter. Cozad Asset Management Inc. now owns 36,638 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 3,684 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

Telefonica Company Profile

Telefónica, SA (NYSE: TEF) is a Spanish telecommunications company headquartered in Madrid. Founded in 1924 as Compañía Telefónica Nacional de España, it has grown into an international provider of communications and digital services.

The company offers fixed-line and mobile telecommunications, broadband and fiber-optic connectivity, television, data services, cloud computing, cybersecurity and other digital solutions. Its consumer and business services are marketed primarily under brands including Movistar, O2 and Vivo.

Telefónica’s principal operations are in Spain, Germany and Brazil, while it also has telecommunications activities across several Spanish-speaking Latin American markets.