Telefonica SA (NYSE:TEF) Receives $4.12 Average PT from Analysts

Shares of Telefonica SA (NYSE:TEF) have been assigned a consensus rating of “Reduce” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $4.1150.

Several analysts recently issued reports on the stock. New Street Research cut shares of Telefonica from a “reduce” rating to a “sell” rating in a report on Friday, August 21st. BNP Paribas Exane raised shares of Telefonica to a “neutral” rating and set a $4.40 target price for the company in a research report on Wednesday, September 9th.

Telefonica Stock Performance

Shares of TEF opened at $3.81 on Tuesday. The business’s 50 day moving average is $3.81 and its two-hundred day moving average is $3.81. Telefonica has a 52-week low of $3.80 and a 52-week high of $5.72. The firm has a market cap of $21.60 billion, a price-to-earnings ratio of -9.29, a PEG ratio of 0.26 and a beta of 0.29. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 1.44.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TEF. Assetmark Inc. increased its holdings in shares of Telefonica by 52.5% in the 1st quarter. Assetmark Inc. now owns 266,549 shares of the utilities provider’s stock valued at $1,016,000 after acquiring an additional 91,749 shares during the last quarter. Flputnam Investment Management Co. bought a new position in Telefonica during the fourth quarter worth $61,000. Choate Investment Advisors acquired a new position in Telefonica in the fourth quarter worth $59,000. Rockefeller Capital Management L.P. increased its stake in Telefonica by 178.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 15,732 shares of the utilities provider’s stock valued at $64,000 after purchasing an additional 10,075 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Telefonica by 105.6% during the second quarter. GAMMA Investing LLC now owns 11,352 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 5,831 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

Telefonica Company Profile

Telefónica, SA is a Spanish telecommunications company that provides fixed-line and mobile communications, broadband internet, television, and digital services. Its offerings also include fiber-optic connectivity, cloud computing, cybersecurity, Internet of Things solutions, and other information and communications technology services for consumers, businesses, and public-sector organizations.

Founded in 1924 and headquartered in Madrid, Telefónica is one of Europe’s established telecommunications operators.