JPMorgan Chase & Co. downgraded shares of Telefonica (NYSE:TEF) from a neutral rating to an underweight rating in a research report released on Tuesday, MarketBeat reports.

TEF has been the topic of a number of other reports. Zacks Investment Research lowered Telefonica from a hold rating to a sell rating in a research report on Thursday, June 28th. ValuEngine lowered Telefonica from a sell rating to a strong sell rating in a research report on Monday, July 2nd. TheStreet lowered Telefonica from a b- rating to a c+ rating in a research report on Monday, June 25th. Goldman Sachs Group lowered Telefonica from a buy rating to a neutral rating in a research report on Friday, July 20th. Finally, Jefferies Financial Group raised Telefonica from a hold rating to a buy rating in a research report on Friday, August 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $11.00.

NYSE:TEF opened at $7.75 on Tuesday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.65 and a current ratio of 0.70. Telefonica has a 12 month low of $7.70 and a 12 month high of $11.00. The stock has a market capitalization of $40.39 billion, a price-to-earnings ratio of 9.19 and a beta of 1.07.

Telefonica (NYSE:TEF) last announced its earnings results 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. Telefonica had a return on equity of 16.12% and a net margin of 6.52%. The business had revenue of $14.49 billion for the quarter. equities research analysts anticipate that Telefonica will post 0.97 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Partners LLC acquired a new position in Telefonica in the second quarter worth about $105,000. Laurel Wealth Advisors Inc. acquired a new position in Telefonica in the first quarter worth about $108,000. Dorsey & Whitney Trust CO LLC acquired a new position in Telefonica in the first quarter worth about $111,000. Private Ocean LLC acquired a new position in Telefonica in the first quarter worth about $120,000. Finally, Signaturefd LLC acquired a new position in Telefonica in the first quarter worth about $128,000. 0.84% of the stock is currently owned by institutional investors and hedge funds.

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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