Telefonica S.A. (TEF) Given Average Rating of “Hold” by Brokerages

Telefonica S.A. (NYSE:TEF) has earned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company.

Several equities analysts have recently commented on the company. ValuEngine downgraded Telefonica from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Zacks Investment Research downgraded Telefonica from a “hold” rating to a “strong sell” rating in a research report on Monday, April 30th. Morgan Stanley upgraded Telefonica to a “buy” rating in a research report on Wednesday, June 13th. Goldman Sachs Group downgraded Telefonica from a “buy” rating to a “neutral” rating in a research report on Friday, July 20th. Finally, TheStreet downgraded Telefonica from a “b-” rating to a “c+” rating in a research report on Monday, June 25th.

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Several institutional investors have recently made changes to their positions in TEF. Advisor Partners LLC bought a new stake in shares of Telefonica in the second quarter worth about $105,000. Laurel Wealth Advisors Inc. bought a new stake in shares of Telefonica in the first quarter worth about $108,000. Dorsey & Whitney Trust CO LLC bought a new stake in shares of Telefonica in the first quarter worth about $111,000. Private Ocean LLC bought a new stake in shares of Telefonica in the first quarter worth about $120,000. Finally, Signaturefd LLC bought a new stake in shares of Telefonica in the first quarter worth about $128,000. Institutional investors and hedge funds own 0.80% of the company’s stock.

Shares of Telefonica stock opened at $8.87 on Friday. Telefonica has a 52 week low of $8.41 and a 52 week high of $11.58. The stock has a market capitalization of $46.94 billion, a PE ratio of 10.56 and a beta of 1.13. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.97.

Telefonica (NYSE:TEF) last announced its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.24 EPS for the quarter, beating the Thomson Reuters’ 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 0.93 EPS for the current fiscal year.

About Telefonica

Telef贸nica, 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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