Telefónica (NYSE:TEF) Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Telefónica (NYSE:TEF) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

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

Telefónica Stock Performance

NYSE TEF opened at $4.78 on Friday. Telefónica has a 52-week low of $3.71 and a 52-week high of $4.93. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.81 and a current ratio of 0.85. The company has a 50-day simple moving average of $4.66 and a 200 day simple moving average of $4.50. The company has a market capitalization of $27.10 billion, a PE ratio of -29.88 and a beta of 0.67.

Telefónica (NYSE:TEF) last issued its quarterly earnings data 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. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. The business had revenue of $11.04 billion for the quarter, compared to analysts’ expectations of $10.85 billion. On average, research analysts predict that Telefónica will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Nia Impact Advisors LLC bought a new position in Telefónica in the second quarter worth approximately $3,645,000. Natixis Advisors LLC grew its position in shares of Telefónica by 81.2% during the 2nd quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock worth $2,933,000 after buying an additional 312,113 shares in the last quarter. Blair William & Co. IL purchased a new position in shares of Telefónica during the first quarter valued at $295,000. BNP Paribas Financial Markets grew its holdings in Telefónica by 131.4% during the 1st quarter. BNP Paribas Financial Markets now owns 99,812 shares of the utilities provider’s stock worth $440,000 after acquiring an additional 56,683 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in Telefónica by 21.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 300,304 shares of the utilities provider’s stock valued at $1,324,000 after purchasing an additional 52,586 shares during the period. Institutional investors own 1.14% of the company’s stock.

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.