Telefónica (NYSE:TEF) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Telefónica (NYSE:TEF) from a hold rating to a buy rating in a research report released on Friday.

Other analysts also recently issued reports about the company. Hsbc Global Res upgraded Telefónica to a “hold” rating in a research note on Wednesday, October 2nd. HSBC upgraded Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Bank of America downgraded Telefónica from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Telefónica currently has a consensus rating of “Hold”.

Telefónica Trading Down 2.0 %

NYSE:TEF opened at $4.37 on Friday. The business’s 50-day moving average is $4.73 and its two-hundred day moving average is $4.55. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.81. The firm has a market capitalization of $24.78 billion, a PE ratio of -17.15 and a beta of 0.67. Telefónica has a 12 month low of $3.82 and a 12 month high of $4.93.

Hedge Funds Weigh In On Telefónica

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. boosted its stake in Telefónica by 5.2% in the third quarter. Crossmark Global Holdings Inc. now owns 394,217 shares of the utilities provider’s stock valued at $1,916,000 after acquiring an additional 19,539 shares during the period. Concurrent Investment Advisors LLC boosted its stake in Telefónica by 12.9% in the third quarter. Concurrent Investment Advisors LLC now owns 37,058 shares of the utilities provider’s stock valued at $180,000 after acquiring an additional 4,220 shares during the period. BSW Wealth Partners boosted its stake in Telefónica by 11.4% in the third quarter. BSW Wealth Partners now owns 32,150 shares of the utilities provider’s stock valued at $156,000 after acquiring an additional 3,290 shares during the period. BayBridge Capital Group LLC boosted its stake in Telefónica by 7.9% in the third quarter. BayBridge Capital Group LLC now owns 96,991 shares of the utilities provider’s stock valued at $471,000 after acquiring an additional 7,112 shares during the period. Finally, Mainstay Capital Management LLC ADV boosted its stake in Telefónica by 8.1% in the third quarter. Mainstay Capital Management LLC ADV now owns 385,851 shares of the utilities provider’s stock valued at $1,875,000 after acquiring an additional 29,059 shares during the period. 1.14% of the stock is currently owned by institutional investors and hedge funds.

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.