Raymond James Financial upgraded shares of Telefonica (NYSE:TEF) from a market perform rating to an outperform rating in a report issued on Wednesday, Marketbeat.com reports.

Other research analysts have also issued research reports about the stock. ValuEngine lowered shares of Telefonica from a strong-buy rating to a buy rating in a research report on Sunday, December 31st. Zacks Investment Research upgraded shares of Telefonica from a hold rating to a buy rating and set a $12.00 price objective on the stock in a research report on Monday, October 16th. Berenberg Bank upgraded shares of Telefonica from a hold rating to a buy rating in a research report on Wednesday, September 27th. Barclays upgraded shares of Telefonica from an underweight rating to an equal weight rating in a research report on Friday, October 20th. Finally, Citigroup upgraded shares of Telefonica to an outperform rating in a research report on Wednesday. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Telefonica currently has an average rating of Hold and an average target price of $11.70.

Telefonica (NYSE TEF) opened at $10.06 on Wednesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.67 and a quick ratio of 0.62. The stock has a market cap of $50,680.31, a P/E ratio of 5.92 and a beta of 1.30. Telefonica has a 12-month low of $9.37 and a 12-month high of $11.64.

Telefonica (NYSE:TEF) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter. Telefonica had a net margin of 4.95% and a return on equity of 29.25%. equities analysts forecast that Telefonica will post 0.86 EPS for the current year.

The company also recently disclosed a semiannual dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th were given a dividend of $0.2383 per share. This represents a yield of 4.67%. The ex-dividend date was Tuesday, December 12th. Telefonica’s payout ratio is 70.00%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mondrian Investment Partners LTD grew its position in Telefonica by 16.4% during the 4th quarter. Mondrian Investment Partners LTD now owns 4,163,537 shares of the utilities provider’s stock worth $40,303,000 after purchasing an additional 588,000 shares in the last quarter. Fox Run Management L.L.C. grew its position in Telefonica by 201.6% during the 4th quarter. Fox Run Management L.L.C. now owns 52,175 shares of the utilities provider’s stock worth $505,000 after purchasing an additional 34,875 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in Telefonica by 18.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,769,565 shares of the utilities provider’s stock worth $19,094,000 after purchasing an additional 280,112 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Telefonica during the 3rd quarter worth approximately $110,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Telefonica by 700.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 90,189 shares of the utilities provider’s stock valued at $973,000 after acquiring an additional 78,917 shares in the last quarter. Hedge funds and other institutional investors own 0.91% of the company’s stock.

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About Telefonica

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 (NYSE:TEF)

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