Telefonica SA (NYSE:TEF) Receives $4.20 Consensus Price Target from Brokerages

Shares of Telefonica SA (NYSE:TEF) have earned a consensus recommendation of “Strong Sell” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $4.20.

TEF has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Telefonica in a research report on Wednesday, October 8th. BNP Paribas Exane began coverage on shares of Telefonica in a research note on Tuesday, October 21st. They set an “underperform” rating and a $4.20 target price on the stock. Finally, BNP Paribas upgraded shares of Telefonica to a “strong sell” rating in a research note on Tuesday, October 21st.

Telefonica Stock Performance

Shares of TEF stock opened at $5.24 on Tuesday. Telefonica has a one year low of $3.89 and a one year high of $5.72. The company’s 50-day moving average is $5.24 and its 200 day moving average is $5.18. The company has a market capitalization of $29.68 billion, a price-to-earnings ratio of -10.91, a price-to-earnings-growth ratio of 0.60 and a beta of 0.49. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.81 and a current ratio of 0.85.

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

Institutional Investors Weigh In On Telefonica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new stake in Telefonica during the 2nd quarter valued at approximately $44,000. Cromwell Holdings LLC grew its holdings in shares of Telefonica by 50.4% in the first quarter. Cromwell Holdings LLC now owns 10,031 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 3,361 shares in the last quarter. Momentous Wealth Management Inc. purchased a new position in shares of Telefonica in the first quarter valued at $50,000. Wrapmanager Inc. bought a new stake in Telefonica in the second quarter worth $53,000. Finally, AlphaCore Capital LLC bought a new stake in Telefonica in the second quarter worth $55,000. 1.14% of the stock is owned by hedge funds and other institutional investors.

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.