Analysts Set Telefonica SA (NYSE:TEF) Target Price at $4.02

Shares of Telefonica SA (NYSE:TEF) have received an average rating of “Strong Sell” from the six research firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $4.0150.

Separately, New Street Research lowered shares of Telefonica from a “reduce” rating to a “sell” rating in a research note on Friday, August 21st.

Institutional Investors Weigh In On Telefonica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TEF. Oppenheimer & Co. Inc. lifted its holdings in shares of Telefonica by 1,561.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 1,569,148 shares of the utilities provider’s stock valued at $6,355,000 after buying an additional 1,474,721 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Telefonica by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 6,243,236 shares of the utilities provider’s stock worth $29,093,000 after buying an additional 1,065,861 shares during the last quarter. Barclays PLC grew its holdings in Telefonica by 716.4% during the fourth quarter. Barclays PLC now owns 956,005 shares of the utilities provider’s stock worth $3,872,000 after acquiring an additional 838,907 shares during the period. First Trust Advisors LP grew its holdings in Telefonica by 394.3% during the third quarter. First Trust Advisors LP now owns 921,816 shares of the utilities provider’s stock worth $4,683,000 after acquiring an additional 735,311 shares during the period. Finally, OLD Mission Capital LLC raised its position in Telefonica by 153.0% during the fourth quarter. OLD Mission Capital LLC now owns 1,074,052 shares of the utilities provider’s stock valued at $4,350,000 after acquiring an additional 649,496 shares in the last quarter. 1.14% of the stock is owned by institutional investors and hedge funds.

Telefonica Stock Performance

Telefonica stock opened at $3.81 on Friday. The stock has a 50-day moving average price of $3.81 and a 200 day moving average price of $3.81. The company has a market capitalization of $21.60 billion, a price-to-earnings ratio of -9.29, a price-to-earnings-growth ratio of 0.26 and a beta of 0.29. Telefonica has a 52 week low of $3.80 and a 52 week high of $5.72. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 1.44.

About Telefonica

Telefónica, SA is a Spanish multinational telecommunications company headquartered in Madrid. Founded in 1924 as Compañía Telefónica Nacional de España, it has grown into one of the world’s largest telecommunications groups. Telefónica provides a broad range of communications services to residential and business customers, including mobile and fixed-line telephony, broadband internet, and pay-TV. The company also develops and sells network infrastructure and related services to support connectivity at scale.

Beyond traditional voice and data services, Telefónica has expanded into digital and IT services aimed at enterprise customers and public-sector clients.