Brokerages Set Telefónica, S.A. (NYSE:TEF) Target Price at $5.00


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Shares of Telefónica, S.A. (NYSE:TEF) have been given an average recommendation of “Hold” by the sixteen analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $5.00.

Several equities analysts have issued reports on the company. New Street Research upgraded Telefónica from a “neutral” rating to a “buy” rating in a research report on Monday, February 22nd. Morgan Stanley restated an “equal weight” rating on shares of Telefónica in a research report on Wednesday, February 3rd. Barclays restated an “equal weight” rating on shares of Telefónica in a research report on Wednesday, March 17th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Telefónica in a research report on Thursday, January 7th. Finally, Bank of America upgraded Telefónica from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 31st.

Institutional investors have recently made changes to their positions in the stock. Perigon Wealth Management LLC acquired a new stake in shares of Telefónica during the fourth quarter worth $37,000. IHT Wealth Management LLC acquired a new stake in shares of Telefónica during the third quarter worth $38,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Telefónica during the third quarter worth $44,000. Ellevest Inc. grew its stake in shares of Telefónica by 140.0% during the fourth quarter. Ellevest Inc. now owns 11,140 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 6,499 shares during the period. Finally, Lapides Asset Management LLC acquired a new stake in shares of Telefónica during the fourth quarter worth $50,000. 0.88% of the stock is owned by institutional investors and hedge funds.

TEF stock traded up $0.05 during trading on Thursday, hitting $4.77. The company had a trading volume of 1,629,359 shares, compared to its average volume of 1,648,238. The company has a fifty day moving average price of $4.66 and a two-hundred day moving average price of $4.36. The company has a current ratio of 1.15, a quick ratio of 1.08 and a debt-to-equity ratio of 2.46. The company has a market cap of $24.77 billion, a P/E ratio of 119.28 and a beta of 0.86. Telefónica has a fifty-two week low of $3.22 and a fifty-two week high of $5.69.

Telefónica (NYSE:TEF) last issued its quarterly earnings data on Thursday, February 25th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter. Telefónica had a return on equity of 14.31% and a net margin of 1.01%. The firm had revenue of $13.01 billion during the quarter. On average, analysts expect that Telefónica will post 0.34 earnings per share for the current year.

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data, Internet, wholesale, corporate, roaming, fixed wireless, trunking, and paging services.

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Analyst Recommendations for Telefónica (NYSE:TEF)

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