StockNews.com Lowers Telefónica (NYSE:TEF) to Hold

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

Several other equities analysts also recently issued reports on TEF. Deutsche Bank Aktiengesellschaft downgraded shares of Telefónica from a hold rating to a sell rating in a report on Thursday, June 13th. Bank of America cut Telefónica from a buy rating to a neutral rating in a report on Friday, August 2nd. New Street Research cut Telefónica from a strong-buy rating to a hold rating in a report on Friday, July 5th. Finally, HSBC raised Telefónica from a reduce rating to a hold rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, Telefónica has a consensus rating of Hold.

Telefónica Trading Up 0.4 %

NYSE TEF opened at $4.77 on Friday. The company has a fifty day moving average of $4.63 and a 200 day moving average of $4.48. The company has a market capitalization of $27.05 billion, a PE ratio of -29.81 and a beta of 0.67. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.81. Telefónica has a 1 year low of $3.71 and a 1 year high of $4.93.

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

Institutional Investors Weigh In On Telefónica

A number of hedge funds have recently added to or reduced their stakes in the business. Nia Impact Advisors LLC acquired a new stake in Telefónica during the second quarter worth approximately $3,645,000. QRG Capital Management Inc. lifted its position in Telefónica by 3.3% in the first quarter. QRG Capital Management Inc. now owns 206,183 shares of the utilities provider’s stock valued at $909,000 after acquiring an additional 6,501 shares during the last quarter. 180 Wealth Advisors LLC lifted its position in Telefónica by 11.4% in the first quarter. 180 Wealth Advisors LLC now owns 39,655 shares of the utilities provider’s stock valued at $175,000 after acquiring an additional 4,050 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in Telefónica by 40.9% in the first quarter. Atomi Financial Group Inc. now owns 23,002 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 6,677 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in shares of Telefónica by 81.2% during the second quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock worth $2,933,000 after purchasing an additional 312,113 shares during the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

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.