Telefonica SA (NYSE:TEF – Get Free Report) has been assigned an average recommendation of “Reduce” from the six ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $4.12.
Several analysts have recently weighed in on TEF shares. BNP Paribas Exane raised shares of Telefonica to a “neutral” rating and set a $4.40 price target for the company in a research note on Wednesday, September 9th. New Street Research cut Telefonica from a “reduce” rating to a “sell” rating in a research note on Friday, August 21st.
Get Our Latest Stock Report on Telefonica
Institutional Investors Weigh In On Telefonica
Several hedge funds have recently made changes to their positions in TEF. GAMMA Investing LLC grew its position in shares of Telefonica by 105.6% during the 2nd quarter. GAMMA Investing LLC now owns 11,352 shares of the utilities provider’s stock worth $45,000 after buying an additional 5,831 shares in the last quarter. Cozad Asset Management Inc. increased its stake in shares of Telefonica by 11.2% during the first quarter. Cozad Asset Management Inc. now owns 36,638 shares of the utilities provider’s stock valued at $140,000 after buying an additional 3,684 shares during the period. Assetmark Inc. raised its holdings in shares of Telefonica by 52.5% in the first quarter. Assetmark Inc. now owns 266,549 shares of the utilities provider’s stock valued at $1,016,000 after acquiring an additional 91,749 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Telefonica by 178.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 15,732 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 10,075 shares in the last quarter. 1.14% of the stock is currently owned by hedge funds and other institutional investors.
Telefonica Stock Performance
Shares of TEF opened at $3.81 on Wednesday. The firm has a market capitalization of $21.60 billion, a price-to-earnings ratio of -9.29, a PEG ratio of 0.26 and a beta of 0.29. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.84 and a quick ratio of 0.80. Telefonica has a 1-year low of $3.80 and a 1-year high of $5.72. The company has a 50-day moving average of $3.81 and a 200 day moving average of $3.81.
About Telefonica
Telefónica, SA is a Spain-based telecommunications company that provides fixed-line and mobile communications, broadband internet, digital television, and related technology services. Its offerings also include cloud computing, cybersecurity, information technology, data services, and other digital solutions for consumers, businesses, and public-sector organizations.
The company serves customers primarily in Spain, Germany, Brazil, and the United Kingdom. Telefónica operates under well-known brands including Movistar in Spain and several Latin American markets, O2 in Germany and the United Kingdom, and Vivo in Brazil.
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