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

Shares of Telefónica, S.A. (NYSE:TEF) have received a consensus recommendation of “Reduce” from the five research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company.

A number of equities research analysts have recently issued reports on the stock. New Street Research cut shares of Telefónica from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 5th. Hsbc Global Res raised Telefónica to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America lowered Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. StockNews.com downgraded Telefónica from a “buy” rating to a “hold” rating in a research report on Saturday, October 12th. Finally, HSBC upgraded shares of Telefónica from a “reduce” rating to a “hold” rating in a report on Wednesday, October 2nd.

Institutional Investors Weigh In On Telefónica

A number of large investors have recently made changes to their positions in the business. Nia Impact Advisors LLC purchased a new stake in Telefónica in the second quarter worth $3,645,000. Natixis Advisors LLC raised its holdings in Telefónica by 81.2% in 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 in the last quarter. Blair William & Co. IL bought a new stake in shares of Telefónica during the 1st quarter valued at about $295,000. BNP Paribas Financial Markets boosted its stake in shares of Telefónica by 131.4% during the 1st quarter. BNP Paribas Financial Markets now owns 99,812 shares of the utilities provider’s stock valued at $440,000 after purchasing an additional 56,683 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Telefónica by 21.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 300,304 shares of the utilities provider’s stock valued at $1,324,000 after buying an additional 52,586 shares during the period. 1.14% of the stock is currently owned by institutional investors.

Telefónica Price Performance

TEF opened at $4.63 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $26.25 billion, a P/E ratio of -28.94 and a beta of 0.67. The stock has a 50-day moving average price of $4.73 and a 200-day moving average price of $4.53. Telefónica has a 12-month low of $3.75 and a 12-month high of $4.93.

Telefónica (NYSE:TEF) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $11.04 billion during the quarter, compared to analyst estimates of $10.85 billion. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. Equities analysts predict that Telefónica will post 0.33 earnings per share 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.