Telefonica (NYSE:TEF) Upgraded at BNP Paribas

Telefonica (NYSE:TEF) was upgraded by stock analysts at BNP Paribas to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Telefonica in a research report on Wednesday, October 8th. BNP Paribas Exane began coverage on Telefonica in a research report on Tuesday. They set an “underperform” rating and a $4.20 price objective for the company. Finally, Berenberg Bank raised Telefonica to a “hold” rating in a research report on Thursday, June 26th. Two investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Telefonica has a consensus rating of “Strong Sell” and a consensus target price of $4.20.

Telefonica Stock Down 1.4%

Shares of NYSE TEF opened at $5.25 on Tuesday. The stock has a market cap of $29.74 billion, a PE ratio of -10.93, a price-to-earnings-growth ratio of 0.61 and a beta of 0.49. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.47. Telefonica has a 52-week low of $3.89 and a 52-week high of $5.72. The business has a 50-day moving average price of $5.25 and a 200 day moving average price of $5.17.

Telefonica (NYSE:TEF) last announced its earnings results on Wednesday, July 30th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Telefonica had a positive return on equity of 8.57% and a negative net margin of 5.88%. Equities research analysts forecast that Telefonica will post 0.3 earnings per share for the current year.

Institutional Trading of Telefonica

Several hedge funds have recently modified their holdings of the business. Sterling Investment Management LLC acquired a new stake in shares of Telefonica in the 3rd quarter valued at approximately $846,000. Diversified Trust Co acquired a new stake in shares of Telefonica in the 3rd quarter valued at approximately $280,000. Ethic Inc. lifted its holdings in shares of Telefonica by 16.6% in the 3rd quarter. Ethic Inc. now owns 495,689 shares of the utilities provider’s stock valued at $2,518,000 after buying an additional 70,706 shares during the period. Defined Financial Planning LLC acquired a new stake in shares of Telefonica in the 3rd quarter valued at approximately $92,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Telefonica by 55.7% in the 3rd quarter. GAMMA Investing LLC now owns 40,954 shares of the utilities provider’s stock valued at $208,000 after buying an additional 14,649 shares during the period. 1.14% of the stock is owned by institutional investors and hedge funds.

About Telefonica

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.