Telefonica (NYSE:TEF) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, ValuEngine reports.

Other research analysts have also recently issued research reports about the stock. DZ Bank upgraded shares of Telefonica from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Telefonica from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Berenberg Bank restated a “hold” rating on shares of Telefonica in a report on Tuesday, March 19th. Sanford C. Bernstein restated a “sell” rating on shares of Telefonica in a report on Friday, January 25th. Finally, UBS Group restated a “buy” rating on shares of Telefonica in a report on Wednesday, January 16th. Two 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 stock. The company has a consensus rating of “Hold” and a consensus target price of $9.75.

Shares of TEF traded up $0.06 on Wednesday, reaching $8.01. 1,638,959 shares of the company’s stock were exchanged, compared to its average volume of 1,822,283. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.86 and a quick ratio of 0.73. The company 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 12 month low of $7.70 and a 12 month high of $9.50.

A number of hedge funds and other institutional investors have recently modified their holdings of TEF. Morgan Stanley grew its holdings in Telefonica by 43.7% during the first quarter. Morgan Stanley now owns 11,322,211 shares of the utilities provider’s stock valued at $94,653,000 after purchasing an additional 3,445,658 shares during the period. Duff & Phelps Investment Management Co. acquired a new position in Telefonica during the first quarter valued at approximately $5,124,000. First Trust Advisors LP grew its holdings in Telefonica by 308.3% during the first quarter. First Trust Advisors LP now owns 755,382 shares of the utilities provider’s stock valued at $6,315,000 after purchasing an additional 570,383 shares during the period. Northern Trust Corp grew its holdings in Telefonica by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,492,482 shares of the utilities provider’s stock valued at $38,007,000 after purchasing an additional 347,299 shares during the period. Finally, OLD Mission Capital LLC acquired a new position in Telefonica during the first quarter valued at approximately $2,111,000. Hedge funds and other institutional investors own 0.97% of the company’s stock.

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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