Telefonica S.A. (NYSE:TEF) has received an average rating of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company.

A number of research analysts recently issued reports on TEF shares. Jefferies Financial Group upgraded Telefonica from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Morgan Stanley upgraded Telefonica to a “buy” rating in a report on Wednesday, June 13th. TheStreet downgraded Telefonica from a “b-” rating to a “c+” rating in a report on Monday, June 25th. Zacks Investment Research upgraded Telefonica from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 20th. Finally, Goldman Sachs Group downgraded Telefonica from a “buy” rating to a “neutral” rating in a report on Friday, July 20th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE boosted its position in Telefonica by 13.9% during the first quarter. US Bancorp DE now owns 49,150 shares of the utilities provider’s stock valued at $485,000 after purchasing an additional 5,982 shares during the last quarter. People s United Financial Inc. acquired a new position in Telefonica during the second quarter valued at approximately $926,000. Laurel Wealth Advisors Inc. acquired a new position in Telefonica during the first quarter valued at approximately $108,000. Private Ocean LLC acquired a new position in Telefonica during the first quarter valued at approximately $120,000. Finally, Advisor Partners LLC acquired a new position in Telefonica during the second quarter valued at approximately $105,000. 0.83% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:TEF traded up $0.04 during mid-day trading on Friday, reaching $8.05. 1,599,100 shares of the stock were exchanged, compared to its average volume of 1,369,286. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.65 and a current ratio of 0.70. The company has a market cap of $41.38 billion, a PE ratio of 9.64 and a beta of 1.07. Telefonica has a one year low of $7.70 and a one year high of $10.92.

Telefonica (NYSE:TEF) last posted its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The business had revenue of $14.49 billion during the quarter. Telefonica had a return on equity of 16.12% and a net margin of 6.52%. research analysts predict that Telefonica will post 0.97 earnings per share for the current fiscal year.

About Telefonica

Telefónica, SA provides mobile and fixed communication services primarily in the European Union and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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Analyst Recommendations for Telefonica (NYSE:TEF)

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