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

Telefónica (NYSE:TEF) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

TEF has been the topic of a number of other research reports. Bank of America downgraded Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. New Street Research lowered Telefónica from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 5th. HSBC raised shares of Telefónica from a “reduce” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Hsbc Global Res raised shares of Telefónica to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, Telefónica presently has a consensus rating of “Hold”.

Telefónica Price Performance

Shares of TEF opened at $4.77 on Friday. The business’s 50-day moving average is $4.65 and its two-hundred day moving average is $4.50. The company has a market capitalization of $27.05 billion, a P/E ratio of -29.81 and a beta of 0.67. Telefónica has a fifty-two week low of $3.71 and a fifty-two week high of $4.93. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.81 and a current ratio of 0.85.

Telefónica (NYSE:TEF) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. The company had revenue of $11.04 billion during the quarter, compared to analysts’ expectations of $10.85 billion. Research analysts predict that Telefónica will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. First Affirmative Financial Network raised its holdings in Telefónica by 30.5% in the 3rd quarter. First Affirmative Financial Network now owns 101,472 shares of the utilities provider’s stock valued at $493,000 after acquiring an additional 23,737 shares during the last quarter. Atomi Financial Group Inc. grew its position in shares of Telefónica by 26.6% in the third quarter. Atomi Financial Group Inc. now owns 49,741 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 10,442 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Telefónica by 92.3% in the third quarter. GAMMA Investing LLC now owns 16,039 shares of the utilities provider’s stock valued at $78,000 after purchasing an additional 7,697 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Telefónica during the second quarter worth approximately $228,000. Finally, Decatur Capital Management Inc. acquired a new position in Telefónica during the second quarter worth $70,000. 1.14% of the stock is owned by institutional investors and hedge funds.

About Telefónica

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.