Telefonica SA (NYSE:TEF) has been given a consensus recommendation of “Hold” by the eighteen research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $11.30.

A number of equities analysts recently weighed in on the stock. J P Morgan Chase & Co downgraded shares of Telefonica SA from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 5th. BidaskClub downgraded shares of Telefonica SA from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. ValuEngine cut shares of Telefonica SA from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Telefonica SA from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Telefonica SA in a research report on Monday, September 4th.

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Shares of Telefonica SA (NYSE:TEF) opened at 10.51 on Friday. The company’s 50 day moving average is $10.73 and its 200 day moving average is $10.96. The company has a market capitalization of $53.84 billion, a P/E ratio of 17.69 and a beta of 1.31. Telefonica SA has a 12-month low of $8.15 and a 12-month high of $11.64.

Telefonica SA (NYSE:TEF) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). The firm had revenue of $14.24 billion for the quarter, compared to analyst estimates of $15.01 billion. Telefonica SA had a return on equity of 29.02% and a net margin of 5.18%. Analysts expect that Telefonica SA will post $0.89 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC boosted its position in shares of Telefonica SA by 3.2% in the second quarter. Advisory Services Network LLC now owns 42,491 shares of the utilities provider’s stock valued at $441,000 after acquiring an additional 1,311 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in shares of Telefonica SA by 11.4% in the second quarter. Dynamic Technology Lab Private Ltd now owns 56,178 shares of the utilities provider’s stock valued at $583,000 after acquiring an additional 5,749 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Telefonica SA by 13.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 49,414 shares of the utilities provider’s stock valued at $513,000 after acquiring an additional 5,712 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Telefonica SA by 6.3% in the second quarter. Quadrant Capital Group LLC now owns 17,782 shares of the utilities provider’s stock valued at $170,000 after acquiring an additional 1,059 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Telefonica SA by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 32,175 shares of the utilities provider’s stock valued at $334,000 after acquiring an additional 1,008 shares during the period. 0.93% of the stock is owned by institutional investors.

About Telefonica SA

Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

Analyst Recommendations for Telefonica SA (NYSE:TEF)

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