Telefónica (NYSE:TEF) Cut to Hold at StockNews.com

Telefónica (NYSE:TEFGet Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other analysts have also issued reports on TEF. New Street Research lowered shares of Telefónica from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 5th. Hsbc Global Res raised 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 report on Wednesday, October 2nd. Finally, Bank of America lowered shares of Telefónica from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

View Our Latest Stock Analysis on TEF

Telefónica Stock Up 0.2 %

Telefónica stock opened at $4.78 on Friday. Telefónica has a twelve month low of $3.71 and a twelve month high of $4.93. The stock’s fifty day simple moving average is $4.65 and its 200-day simple moving average is $4.49. 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 firm has a market capitalization of $27.10 billion, a P/E ratio of -29.88 and a beta of 0.67.

Telefónica (NYSE:TEFGet Free Report) last released its quarterly earnings data 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 company had revenue of $11.04 billion during the quarter, compared to the consensus estimate of $10.85 billion. Telefónica had a negative net margin of 1.62% and a positive return on equity of 9.18%. As a group, equities analysts expect that Telefónica will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its stake 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 buying an additional 3,590 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Telefónica by 113.9% during the 1st quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 3,135 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Telefónica during the 1st quarter worth about $34,000. HighPoint Advisor Group LLC acquired a new position in Telefónica in the fourth quarter valued at about $45,000. Finally, Aaron Wealth Advisors LLC acquired a new position in Telefónica in the second quarter valued at about $45,000. Institutional investors and hedge funds own 1.14% of the company’s stock.

About Telefónica

(Get Free Report)

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.

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