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

Shares of Telefónica, S.A. (NYSE:TEF) have earned an average rating of “Reduce” from the five analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company.

Several research analysts recently commented on TEF shares. HSBC upgraded Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Hsbc Global Res upgraded Telefónica to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Bank of America lowered shares of Telefónica from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd.

Telefónica Stock Up 0.9 %

TEF opened at $4.49 on Friday. Telefónica has a 52 week low of $3.82 and a 52 week high of $4.93. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. The firm has a 50-day simple moving average of $4.67 and a two-hundred day simple moving average of $4.54. The company has a market capitalization of $25.46 billion, a PE ratio of -17.27 and a beta of 0.67.

Hedge Funds Weigh In On Telefónica

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its holdings 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 valued at $25,000 after buying an additional 3,590 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Telefónica by 113.9% in the 1st quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 3,135 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Telefónica during the third quarter worth $45,000. Aaron Wealth Advisors LLC purchased a new stake in Telefónica in the second quarter valued at $45,000. Finally, Abel Hall LLC acquired a new position in shares of Telefónica in the 3rd quarter valued at about $53,000. 1.14% of the stock is owned by institutional investors and hedge funds.

About Telefónica

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.