Telefonica (TEF) Upgraded at ValuEngine

Telefonica (NYSE:TEF) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Thursday.

Other research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Telefonica from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 1st. Jefferies Financial Group raised shares of Telefonica from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. JPMorgan Chase & Co. downgraded shares of Telefonica from a “neutral” rating to an “underweight” rating in a research report on Tuesday, September 11th. Finally, Goldman Sachs Group downgraded shares of Telefonica from a “buy” rating to a “neutral” rating in a research report on Friday, July 20th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Telefonica presently has a consensus rating of “Hold” and an average target price of $11.00.

Telefonica stock traded down $0.01 during midday trading on Thursday, hitting $8.44. 1,847,260 shares of the company’s stock were exchanged, compared to its average volume of 2,253,293. Telefonica has a 12-month low of $7.70 and a 12-month high of $10.57. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.65 and a current ratio of 0.70. The company has a market capitalization of $42.63 billion, a P/E ratio of 10.05 and a beta of 0.74.

Telefonica (NYSE:TEF) last issued its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.05. Telefonica had a net margin of 7.25% and a return on equity of 16.47%. The company had revenue of $13.60 billion for the quarter. As a group, equities analysts expect that Telefonica will post 0.94 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of TEF. Morgan Stanley boosted its holdings in shares of Telefonica by 40.7% in the second quarter. Morgan Stanley now owns 5,647,167 shares of the utilities provider’s stock valued at $48,171,000 after acquiring an additional 1,633,255 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Telefonica by 23.2% in the second quarter. Macquarie Group Ltd. now owns 8,299,381 shares of the utilities provider’s stock valued at $70,794,000 after acquiring an additional 1,563,674 shares in the last quarter. BTC Capital Management Inc. boosted its holdings in shares of Telefonica by 38.3% in the second quarter. BTC Capital Management Inc. now owns 47,928 shares of the utilities provider’s stock valued at $411,000 after acquiring an additional 13,274 shares in the last quarter. People s United Financial Inc. purchased a new stake in shares of Telefonica in the second quarter valued at about $926,000. Finally, Mondrian Investment Partners LTD boosted its holdings in shares of Telefonica by 13.9% in the second quarter. Mondrian Investment Partners LTD now owns 4,715,149 shares of the utilities provider’s stock valued at $40,220,000 after acquiring an additional 573,612 shares in the last quarter. 0.83% of the stock is currently owned by institutional investors.

Telefonica Company Profile

Telefónica, SA provides mobile and fixed communication services primarily in the European Union and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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Analyst Recommendations for Telefonica (NYSE:TEF)

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