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

Telefónica (NYSE:TEF) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Other research analysts also recently issued research reports about the company. Hsbc Global Res upgraded Telefónica to a “hold” rating in a report on Wednesday, October 2nd. HSBC upgraded Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Telefónica Stock Up 0.6 %

TEF stock opened at $4.42 on Thursday. Telefónica has a fifty-two week low of $3.82 and a fifty-two week high of $4.93. The business’s 50 day moving average price is $4.58 and its two-hundred day moving average price is $4.54. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. The company has a market capitalization of $25.03 billion, a price-to-earnings ratio of -16.88 and a beta of 0.66.

Hedge Funds Weigh In On Telefónica

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its position in Telefónica by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 64,522 shares of the utilities provider’s stock valued at $308,000 after acquiring an additional 2,332 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Telefónica in the 3rd quarter valued at approximately $121,000. Sanctuary Advisors LLC bought a new position in Telefónica in the 3rd quarter valued at approximately $45,000. Barclays PLC lifted its position in Telefónica by 20.8% in the 3rd quarter. Barclays PLC now owns 178,271 shares of the utilities provider’s stock valued at $867,000 after acquiring an additional 30,738 shares in the last quarter. Finally, Abel Hall LLC bought a new position in Telefónica in the 3rd quarter valued at approximately $53,000. 1.14% of the stock is owned by institutional investors.

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.