Telefónica, S.A. (NYSE:TEF) Given Average Rating of “Reduce” by Brokerages

Telefónica, S.A. (NYSE:TEF) has been given a consensus rating of “Reduce” by the five research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

Separately, StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th.

Telefónica Stock Up 1.6 %

TEF stock opened at $4.53 on Monday. Telefónica has a twelve month low of $3.89 and a twelve month high of $4.93. The company has a market cap of $25.69 billion, a PE ratio of -17.42 and a beta of 0.62. The business’s 50-day simple moving average is $4.15 and its 200 day simple moving average is $4.42. 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 modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake in shares of Telefónica by 71.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 2,603 shares during the period. Callan Family Office LLC bought a new stake in shares of Telefónica in the 4th quarter valued at approximately $44,000. Sanctuary Advisors LLC bought a new stake in shares of Telefónica in the 3rd quarter valued at approximately $45,000. Drive Wealth Management LLC bought a new stake in shares of Telefónica in the 4th quarter valued at approximately $45,000. Finally, Prospect Financial Group LLC acquired a new position in shares of Telefónica in the 4th quarter worth approximately $45,000. 1.14% of the stock is currently owned by institutional investors.

About Telefónica

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.