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

Shares of Telefónica, S.A. (NYSE:TEF) have earned an average recommendation of “Reduce” from the five ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company.

Separately, StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th.

Telefónica Trading Up 0.3 %

Shares of TEF stock opened at $4.64 on Friday. 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 market capitalization of $26.28 billion, a P/E ratio of -17.83 and a beta of 0.62. Telefónica has a twelve month low of $3.89 and a twelve month high of $4.93. The stock’s fifty day simple moving average is $4.34 and its 200 day simple moving average is $4.43.

Institutional Investors Weigh In On Telefónica

Several institutional investors and hedge funds have recently made changes to their positions in TEF. Northern Trust Corp boosted its holdings in Telefónica by 30.7% in the fourth quarter. Northern Trust Corp now owns 3,622,588 shares of the utilities provider’s stock valued at $14,563,000 after acquiring an additional 851,581 shares during the last quarter. FMR LLC boosted its stake in shares of Telefónica by 8.3% in the 3rd quarter. FMR LLC now owns 1,898,978 shares of the utilities provider’s stock valued at $9,229,000 after purchasing an additional 146,259 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Telefónica by 4.9% in the 4th quarter. American Century Companies Inc. now owns 1,429,565 shares of the utilities provider’s stock valued at $5,747,000 after purchasing an additional 66,797 shares during the last quarter. Nia Impact Advisors LLC increased its position in shares of Telefónica by 11.5% during the fourth quarter. Nia Impact Advisors LLC now owns 982,717 shares of the utilities provider’s stock worth $3,951,000 after buying an additional 101,030 shares during the period. Finally, First Trust Advisors LP raised its stake in Telefónica by 36.7% during the fourth quarter. First Trust Advisors LP now owns 963,584 shares of the utilities provider’s stock worth $3,874,000 after buying an additional 258,489 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

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.