Telefonica (NYSE:TEF) Now Covered by BNP Paribas Exane

BNP Paribas Exane initiated coverage on shares of Telefonica (NYSE:TEF) in a research note published on Tuesday, MarketBeat.com reports. The brokerage issued an underperform rating and a $4.20 price objective on the utilities provider’s stock.

Other analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Telefonica in a research note on Wednesday, October 8th. Berenberg Bank raised shares of Telefonica to a “hold” rating in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and a consensus target price of $4.20.

Telefonica Stock Down 1.2%

Shares of NYSE TEF opened at $5.24 on Tuesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.85 and a quick ratio of 0.81. The company has a market cap of $29.68 billion, a P/E ratio of -10.91, a PEG ratio of 0.60 and a beta of 0.49. Telefonica has a 1 year low of $3.89 and a 1 year high of $5.72. The firm has a 50-day simple moving average of $5.26 and a two-hundred day simple moving average of $5.16.

Telefonica (NYSE:TEF) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $9.03 billion. Telefonica had a negative net margin of 5.88% and a positive return on equity of 8.57%. Research analysts anticipate that Telefonica will post 0.3 earnings per share for the current year.

Institutional Trading of Telefonica

Several institutional investors and hedge funds have recently modified their holdings of TEF. Checchi Capital Advisers LLC raised its stake in shares of Telefonica by 28.3% during the first quarter. Checchi Capital Advisers LLC now owns 36,326 shares of the utilities provider’s stock valued at $169,000 after acquiring an additional 8,009 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Telefonica by 10.0% in the first quarter. Bank of New York Mellon Corp now owns 140,352 shares of the utilities provider’s stock worth $654,000 after buying an additional 12,784 shares in the last quarter. Callan Capital LLC raised its stake in Telefonica by 44.6% in the first quarter. Callan Capital LLC now owns 44,485 shares of the utilities provider’s stock worth $207,000 after buying an additional 13,731 shares in the last quarter. May Hill Capital LLC bought a new position in Telefonica in the first quarter worth approximately $78,000. Finally, Cerity Partners LLC raised its stake in Telefonica by 65.0% in the first quarter. Cerity Partners LLC now owns 454,853 shares of the utilities provider’s stock worth $2,120,000 after buying an additional 179,119 shares in the last quarter. Institutional investors own 1.14% of the company’s stock.

About Telefonica

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.