Telefonica (NYSE:TEF) Stock Rating Lowered by ValuEngine

Telefonica (NYSE:TEF) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued on Friday, February 2nd.

A number of other research firms have also recently commented on TEF. Citigroup upgraded Telefonica to an “outperform” rating in a research report on Wednesday, January 17th. They noted that the move was a valuation call. Zacks Investment Research cut Telefonica from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Raymond James Financial upgraded Telefonica from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 17th. Credit Suisse Group cut Telefonica to a “hold” rating in a research report on Friday, January 19th. Finally, DZ Bank reiterated a “neutral” rating on shares of Telefonica in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. Telefonica presently has an average rating of “Hold” and a consensus target price of $11.70.

Shares of Telefonica (NYSE:TEF) opened at $9.24 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.79. Telefonica has a 52-week low of $8.99 and a 52-week high of $11.64. The company has a market capitalization of $46,448.55, a PE ratio of 18.70 and a beta of 1.29.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its holdings in shares of Telefonica by 3.1% during the second quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock worth $138,000 after buying an additional 406 shares during the last quarter. Carret Asset Management LLC grew its holdings in shares of Telefonica by 2.1% during the second quarter. Carret Asset Management LLC now owns 24,764 shares of the utilities provider’s stock worth $257,000 after buying an additional 500 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Telefonica by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 32,175 shares of the utilities provider’s stock worth $334,000 after buying an additional 1,008 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Telefonica by 6.3% during the second quarter. Quadrant Capital Group LLC now owns 17,782 shares of the utilities provider’s stock worth $170,000 after buying an additional 1,059 shares during the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of Telefonica by 3.2% during the second quarter. Advisory Services Network LLC now owns 42,491 shares of the utilities provider’s stock worth $441,000 after buying an additional 1,311 shares during the last quarter. 0.91% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/02/13/telefonica-tef-cut-to-buy-at-valuengine.html.

About Telefonica

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Telefonica (NYSE:TEF)

Receive News & Ratings for Telefonica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonica and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply