Telefónica (NYSE:TEF) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Telefónica (NYSE:TEF) from a buy rating to a hold rating in a research report released on Wednesday.

Separately, Sanford C. Bernstein initiated coverage on Telefónica in a report on Tuesday, April 22nd. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Telefónica Stock Down 1.8%

Shares of NYSE:TEF opened at $4.78 on Wednesday. The company has a 50 day moving average price of $4.76 and a two-hundred day moving average price of $4.44. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. The company has a market capitalization of $27.10 billion, a PE ratio of -18.38 and a beta of 0.46. Telefónica has a 52 week low of $3.89 and a 52 week high of $5.15.

Telefónica (NYSE:TEF) last issued its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Telefónica had a positive return on equity of 10.10% and a negative net margin of 2.84%. Analysts forecast that Telefónica will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On Telefónica

Several institutional investors have recently added to or reduced their stakes in TEF. Tower Research Capital LLC TRC raised its stake in shares of Telefónica by 71.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 2,603 shares during the period. Callan Family Office LLC bought a new position in shares of Telefónica during the fourth quarter worth about $44,000. Drive Wealth Management LLC acquired a new stake in Telefónica in the 4th quarter valued at approximately $45,000. Prospect Financial Group LLC bought a new stake in Telefónica in the 4th quarter valued at approximately $45,000. Finally, Merit Financial Group LLC acquired a new position in Telefónica during the 4th quarter worth approximately $47,000. 1.14% of the stock is owned by institutional investors.

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.