Telefonica (NYSE:TEF) was upgraded by research analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a report released on Wednesday, Marketbeat reports.
Other research analysts also recently issued research reports about the stock. Sanford C. Bernstein downgraded shares of Telefonica from a “market perform” rating to an “underperform” rating in a report on Monday, December 11th. Barclays upgraded shares of Telefonica from an “underweight” rating to an “equal weight” rating in a report on Friday, October 20th. ValuEngine downgraded shares of Telefonica from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Telefonica from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Monday, October 16th. Finally, Berenberg Bank upgraded shares of Telefonica from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $11.70.
Telefonica (NYSE:TEF) traded up $0.17 during trading on Wednesday, hitting $10.12. 1,298,200 shares of the company were exchanged, compared to its average volume of 1,022,950. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 1.79. Telefonica has a 52 week low of $9.37 and a 52 week high of $11.64. The firm has a market cap of $50,126.15, a P/E ratio of 20.24 and a beta of 1.30.
Telefonica (NYSE:TEF) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter. Telefonica had a net margin of 4.95% and a return on equity of 29.25%. analysts anticipate that Telefonica will post 0.86 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in shares of Telefonica in the 3rd quarter worth $110,000. Advisor Group Inc. grew its stake in shares of Telefonica by 3.1% in the 2nd quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock worth $138,000 after acquiring an additional 406 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Telefonica by 31.9% in the 2nd quarter. Raymond James Trust N.A. now owns 13,452 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 3,252 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Telefonica by 0.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 118 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Telefonica by 72.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 14,816 shares of the utilities provider’s stock worth $160,000 after acquiring an additional 6,242 shares in the last quarter. Hedge funds and other institutional investors own 0.91% of the company’s stock.
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Telefonica Company Profile
Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).
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