Telefónica (NYSE:TEF) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Telefónica (NYSE:TEF) from a buy rating to a hold rating in a research report report published on Saturday.

Several other research firms have also recently issued reports on TEF. HSBC raised shares of Telefónica from a reduce rating to a hold rating in a research report on Wednesday, October 2nd. Hsbc Global Res raised shares of Telefónica to a hold rating in a research note on Wednesday, October 2nd. Bank of America lowered Telefónica from a buy rating to a neutral rating in a research report on Friday, August 2nd. Finally, New Street Research lowered Telefónica from a strong-buy rating to a hold rating in a research note on Friday, July 5th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, Telefónica presently has a consensus rating of Hold.

Telefónica Stock Down 0.4 %

TEF opened at $4.76 on Friday. The firm has a market cap of $26.99 billion, a P/E ratio of -29.75 and a beta of 0.67. The business’s fifty day simple moving average is $4.67 and its 200 day simple moving average is $4.50. Telefónica has a 52 week low of $3.71 and a 52 week high of $4.93. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.37.

Telefónica (NYSE:TEF) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Telefónica had a negative net margin of 1.62% and a positive return on equity of 9.18%. The business had revenue of $11.04 billion during the quarter, compared to the consensus estimate of $10.85 billion. As a group, equities research analysts anticipate that Telefónica will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Telefónica

Institutional investors have recently made changes to their positions in the company. First Affirmative Financial Network boosted its position in Telefónica by 5.0% during the 1st quarter. First Affirmative Financial Network now owns 64,102 shares of the utilities provider’s stock valued at $283,000 after purchasing an additional 3,038 shares during the period. Russell Investments Group Ltd. grew its position in Telefónica by 113.9% in the 1st quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 3,135 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Telefónica by 171.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 3,590 shares during the period. 180 Wealth Advisors LLC boosted its position in shares of Telefónica by 11.4% during the first quarter. 180 Wealth Advisors LLC now owns 39,655 shares of the utilities provider’s stock worth $175,000 after buying an additional 4,050 shares during the period. Finally, Gallacher Capital Management LLC grew its holdings in Telefónica by 5.2% in the 2nd quarter. Gallacher Capital Management LLC now owns 98,044 shares of the utilities provider’s stock worth $413,000 after buying an additional 4,886 shares in the last quarter. 1.14% of the stock is currently owned by institutional investors.

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.