Telefonica (NYSE:TEF) Stock Rating Lowered by Wall Street Zen

Telefonica (NYSE:TEF) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other research analysts also recently commented on TEF. BNP Paribas Exane initiated coverage on Telefonica in a research report on Tuesday, October 21st. They set an “underperform” rating and a $4.20 target price for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Telefonica in a research note on Thursday, October 30th. Finally, BNP Paribas upgraded shares of Telefonica to a “strong sell” rating in a report on Tuesday, October 21st. Two investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Strong Sell” and an average target price of $4.20.

Telefonica Stock Up 0.6%

TEF opened at $4.17 on Friday. The company has a market capitalization of $23.62 billion, a PE ratio of -8.68, a price-to-earnings-growth ratio of 0.59 and a beta of 0.48. The firm has a 50-day simple moving average of $5.09 and a two-hundred day simple moving average of $5.19. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.47. Telefonica has a 52 week low of $3.89 and a 52 week high of $5.72.

Telefonica (NYSE:TEF) last posted its earnings results on Tuesday, November 4th. The utilities provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Telefonica had a positive return on equity of 8.57% and a negative net margin of 5.88%.The company had revenue of $10.32 billion for the quarter, compared to the consensus estimate of $9 billion. Analysts forecast that Telefonica will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Telefonica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEF. Atwood & Palmer Inc. bought a new stake in Telefonica in the second quarter worth about $44,000. Wrapmanager Inc. purchased a new stake in shares of Telefonica in the second quarter worth approximately $53,000. AlphaCore Capital LLC bought a new stake in shares of Telefonica during the 2nd quarter worth approximately $55,000. Momentous Wealth Management Inc. purchased a new position in Telefonica during the 1st quarter valued at $50,000. Finally, Earned Wealth Advisors LLC bought a new position in Telefonica in the 2nd quarter valued at $56,000. 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.