Telefónica, S.A. (NYSE:TEF) Receives Average Rating of “Reduce” from Analysts

Telefónica, S.A. (NYSE:TEF) has been assigned an average recommendation of “Reduce” from the five ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

Several analysts have issued reports on the stock. 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 cut shares of Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Finally, StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a research report on Friday, November 8th.

Telefónica Price Performance

Shares of NYSE TEF opened at $4.49 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81. Telefónica has a 1-year low of $3.82 and a 1-year high of $4.93. The company has a market capitalization of $25.46 billion, a price-to-earnings ratio of -17.27 and a beta of 0.67. The business has a 50-day moving average of $4.65 and a 200-day moving average of $4.54.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in shares of Telefónica by 171.6% during the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 3,590 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Telefónica by 113.9% during the first quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock valued at $26,000 after buying an additional 3,135 shares in the last quarter. Aaron Wealth Advisors LLC bought a new position in Telefónica during the 2nd quarter worth approximately $45,000. Sanctuary Advisors LLC acquired a new position in shares of Telefónica in the 3rd quarter worth approximately $45,000. Finally, Abel Hall LLC bought a new stake in shares of Telefónica in the 3rd quarter valued at approximately $53,000. 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.