Telefónica, S.A. (NYSE:TEF) Receives Average Rating of “Reduce” from Brokerages

Telefónica, S.A. (NYSE:TEF) has earned a consensus rating of “Reduce” from the four brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company.

A number of equities analysts have issued reports on TEF shares. StockNews.com cut Telefónica from a “buy” rating to a “hold” rating in a report on Friday. HSBC upgraded Telefónica from a “reduce” rating to a “hold” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut Telefónica from a “hold” rating to a “sell” rating in a report on Thursday, June 13th. New Street Research cut Telefónica from a “strong-buy” rating to a “hold” rating in a report on Friday, July 5th. Finally, Hsbc Global Res upgraded Telefónica to a “hold” rating in a report on Wednesday.

Hedge Funds Weigh In On Telefónica

Several institutional investors have recently modified their holdings of the business. Gabelli Funds LLC raised its position in Telefónica by 2.6% in the 4th quarter. Gabelli Funds LLC now owns 1,519,000 shares of the utilities provider’s stock valued at $5,924,000 after buying an additional 39,000 shares during the last quarter. American Century Companies Inc. increased its position in shares of Telefónica by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 1,258,793 shares of the utilities provider’s stock worth $5,300,000 after purchasing an additional 4,949 shares during the last quarter. Nia Impact Advisors LLC acquired a new position in shares of Telefónica during the 2nd quarter worth approximately $3,645,000. Natixis Advisors LLC increased its position in shares of Telefónica by 81.2% during the 2nd quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock worth $2,933,000 after purchasing an additional 312,113 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of Telefónica by 1.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 373,929 shares of the utilities provider’s stock worth $1,459,000 after acquiring an additional 6,066 shares during the period. Institutional investors own 1.14% of the company’s stock.

Telefónica Stock Performance

Shares of NYSE:TEF opened at $4.75 on Friday. Telefónica has a twelve month low of $3.71 and a twelve month high of $4.93. The firm has a market cap of $26.90 billion, a PE ratio of -29.66 and a beta of 0.67. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.81 and a current ratio of 0.85. The business has a fifty day moving average of $4.62 and a 200-day moving average of $4.47.

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

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.