Telefonica (NYSE:TEF) was upgraded by analysts at DZ Bank from a “hold” rating to a “buy” rating in a research note issued on Tuesday, The Fly reports.

TEF has been the topic of several other reports. Zacks Investment Research raised shares of Telefonica from a “sell” rating to a “buy” rating and set a $9.75 price objective on the stock in a report on Tuesday, February 5th. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Telefonica in a report on Friday, January 25th. Berenberg Bank reaffirmed a “hold” rating on shares of Telefonica in a report on Tuesday, March 19th. ValuEngine downgraded shares of Telefonica from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Finally, Goldman Sachs Group reaffirmed a “hold” rating on shares of Telefonica in a report on Tuesday, February 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $9.75.

TEF opened at $8.01 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 1.83. The firm has a market cap of $40.55 billion, a price-to-earnings ratio of 8.43 and a beta of 0.67. Telefonica has a 52-week low of $7.70 and a 52-week high of $9.50.

Several large investors have recently bought and sold shares of the company. Morgan Stanley lifted its stake in shares of Telefonica by 43.7% in the first quarter. Morgan Stanley now owns 11,322,211 shares of the utilities provider’s stock worth $94,653,000 after buying an additional 3,445,658 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Telefonica by 31.4% in the first quarter. M&T Bank Corp now owns 40,724 shares of the utilities provider’s stock worth $340,000 after buying an additional 9,732 shares in the last quarter. SEI Investments Co purchased a new position in shares of Telefonica in the first quarter worth about $818,000. Jefferies Group LLC purchased a new position in shares of Telefonica in the first quarter worth about $84,000. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Telefonica in the first quarter worth about $194,000. 0.97% of the stock is currently owned by hedge funds and other institutional investors.

Telefonica Company Profile

Telefónica, SA provides mobile and fixed communication services primarily in Europe 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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