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

Telefónica (NYSE:TEF) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other equities research analysts have also commented on the company. HSBC raised Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. Hsbc Global Res raised Telefónica to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, Telefónica currently has a consensus rating of “Hold”.

Telefónica Stock Down 1.0 %

NYSE TEF traded down $0.04 on Wednesday, reaching $4.47. The company had a trading volume of 800,186 shares, compared to its average volume of 690,687. The stock has a market capitalization of $25.32 billion, a P/E ratio of -17.17 and a beta of 0.66. The company’s fifty day moving average is $4.62 and its 200 day moving average is $4.55. Telefónica has a 52-week low of $3.82 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 1.33.

Institutional Investors Weigh In On Telefónica

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its position in shares of Telefónica by 171.6% during the 1st 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 last quarter. Aaron Wealth Advisors LLC bought a new position in shares of Telefónica during the 2nd quarter worth $45,000. Sanctuary Advisors LLC bought a new position in shares of Telefónica during the 3rd quarter worth $45,000. Abel Hall LLC bought a new position in shares of Telefónica during the 3rd quarter worth $53,000. Finally, Decatur Capital Management Inc. bought a new position in shares of Telefónica during the 2nd quarter worth $70,000. 1.14% of the stock is owned by hedge funds and other 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.