Telefonica SA (NYSE:TEF) Receives Average Rating of “Reduce” from Analysts

Telefonica SA (NYSE:TEF) has earned an average rating of “Reduce” from the six brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $4.1150.

Several equities analysts have weighed in on the stock. New Street Research lowered shares of Telefonica from a “reduce” rating to a “sell” rating in a report on Friday, August 21st. BNP Paribas Exane raised Telefonica to a “neutral” rating and set a $4.40 target price for the company in a research note on Wednesday, September 9th.

Telefonica Stock Performance

NYSE TEF opened at $3.81 on Tuesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.80 and a current ratio of 0.84. The stock’s fifty day moving average is $3.81 and its two-hundred day moving average is $3.81. The firm has a market capitalization of $21.60 billion, a P/E ratio of -9.29, a price-to-earnings-growth ratio of 0.26 and a beta of 0.29. Telefonica has a fifty-two week low of $3.80 and a fifty-two week high of $5.72.

Institutional Investors Weigh In On Telefonica

A number of institutional investors have recently made changes to their positions in TEF. GAMMA Investing LLC raised its position in Telefonica by 105.6% in the second quarter. GAMMA Investing LLC now owns 11,352 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 5,831 shares during the period. Cozad Asset Management Inc. lifted its stake in Telefonica by 11.2% during the 1st quarter. Cozad Asset Management Inc. now owns 36,638 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 3,684 shares in the last quarter. Assetmark Inc. grew its position in Telefonica by 52.5% in the 1st 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. Rockefeller Capital Management L.P. grew its position in Telefonica by 178.1% in the 4th 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. Finally, Flputnam Investment Management Co. purchased a new stake in Telefonica during the fourth quarter worth about $61,000. 1.14% of the stock is currently owned by institutional investors and hedge funds.

About Telefonica

Telefónica, SA is a Spanish telecommunications company that provides fixed-line and mobile communications, broadband internet, television, and digital services. Its offerings also include fiber-optic connectivity, cloud computing, cybersecurity, Internet of Things solutions, and other information and communications technology services for consumers, businesses, and public-sector organizations.

Founded in 1924 and headquartered in Madrid, Telefónica is one of Europe’s established telecommunications operators.