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

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

Telefónica Stock Performance

NYSE TEF opened at $4.46 on Tuesday. The firm has a market capitalization of $25.26 billion, a P/E ratio of -17.13 and a beta of 0.68. The stock has a 50-day simple moving average of $4.10 and a two-hundred day simple moving average of $4.43. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. Telefónica has a fifty-two week low of $3.89 and a fifty-two week high of $4.93.

Hedge Funds Weigh In On Telefónica

Several institutional investors have recently made changes to their positions in TEF. Franklin Resources Inc. boosted its holdings in Telefónica by 3.7% during the third quarter. Franklin Resources Inc. now owns 64,522 shares of the utilities provider’s stock worth $308,000 after buying an additional 2,332 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Telefónica by 0.5% during the 4th quarter. Stifel Financial Corp now owns 464,198 shares of the utilities provider’s stock worth $1,866,000 after acquiring an additional 2,478 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Telefónica by 71.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 2,603 shares during the period. GAMMA Investing LLC increased its stake in shares of Telefónica by 18.3% in the 4th quarter. GAMMA Investing LLC now owns 18,975 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 2,936 shares in the last quarter. Finally, Gitterman Wealth Management LLC raised its holdings in Telefónica by 8.5% in the 4th quarter. Gitterman Wealth Management LLC now owns 41,311 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 3,246 shares during the period. 1.14% of the stock is owned by hedge funds and other 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.