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

Telefónica, S.A. (NYSE:TEF) has been given a consensus rating of “Reduce” by the five brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company.

Several brokerages have recently weighed in on TEF. StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Hsbc Global Res upgraded shares of Telefónica to a “hold” rating in a research report on Wednesday, October 2nd. HSBC raised shares of Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Bank of America lowered Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd.

Hedge Funds Weigh In On Telefónica

Several hedge funds and other institutional investors have recently made changes to their positions in TEF. Russell Investments Group Ltd. raised its holdings in Telefónica by 113.9% during the first quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 3,135 shares in the last quarter. Blair William & Co. IL purchased a new stake in Telefónica in the 1st quarter valued at $295,000. O Shaughnessy Asset Management LLC grew its position in Telefónica by 21.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 300,304 shares of the utilities provider’s stock worth $1,324,000 after purchasing an additional 52,586 shares during the last quarter. Pitcairn Co. acquired a new position in Telefónica in the first quarter valued at $88,000. Finally, EverSource Wealth Advisors LLC increased its position in Telefónica by 171.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 3,590 shares during the period. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Stock Up 0.9 %

Shares of NYSE TEF opened at $4.49 on Friday. The firm has a market cap of $25.46 billion, a price-to-earnings ratio of -17.27 and a beta of 0.67. The company’s 50-day simple moving average is $4.67 and its 200-day simple moving average is $4.54. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. Telefónica has a 52-week low of $3.82 and a 52-week high of $4.93.

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.