Telefonica SA (TEF) – What Are Researchers Thinking About This Stock?

Shares of Telefonica SA (NYSE:TEF) have received a consensus recommendation of “Reduce” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $4.12.

A number of analysts have commented 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 upgraded shares of Telefonica to a “neutral” rating and set a $4.40 price target on the stock in a research note on Wednesday, September 9th.

Hedge Funds Weigh In On Telefonica

A number of institutional investors have recently bought and sold shares of TEF. GAMMA Investing LLC grew its holdings 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 period. Rockefeller Capital Management L.P. increased its position in Telefonica by 178.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 15,732 shares of the utilities provider’s stock worth $64,000 after buying an additional 10,075 shares in the last quarter. Cozad Asset Management Inc. raised its stake in shares of Telefonica by 11.2% in the first quarter. Cozad Asset Management Inc. now owns 36,638 shares of the utilities provider’s stock worth $140,000 after buying an additional 3,684 shares during the period. Finally, Assetmark Inc. raised its stake in shares of Telefonica by 52.5% in the first quarter. Assetmark Inc. now owns 266,549 shares of the utilities provider’s stock worth $1,016,000 after buying an additional 91,749 shares during the period. 1.14% of the stock is owned by institutional investors.

Telefonica Stock Performance

Shares of Telefonica stock remained flat at $3.81 during trading hours on Friday. The firm’s fifty day moving average is $3.81 and its 200-day moving average is $3.81. The company has a market capitalization of $21.60 billion, a P/E ratio of -9.29, a PEG ratio of 0.26 and a beta of 0.29. Telefonica has a 12-month low of $3.80 and a 12-month high of $5.72. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 1.44.

About Telefonica

Telefónica, SA (NYSE: TEF) is a Spanish telecommunications company headquartered in Madrid. Founded in 1924 as Compañía Telefónica Nacional de España, it has grown into an international provider of communications and digital services.

The company offers fixed-line and mobile telecommunications, broadband and fiber-optic connectivity, television, data services, cloud computing, cybersecurity and other digital solutions. Its consumer and business services are marketed primarily under brands including Movistar, O2 and Vivo.

Telefónica’s principal operations are in Spain, Germany and Brazil, while it also has telecommunications activities across several Spanish-speaking Latin American markets.