Telefónica, S.A. (NYSE:TEF) Given Average Rating of “Reduce” by Analysts

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

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Hsbc Global Res raised Telefónica to a “hold” rating in a research note on Wednesday, October 2nd. Finally, HSBC upgraded shares of Telefónica from a “reduce” rating to a “hold” rating in a report on Wednesday, October 2nd.

Telefónica Stock Performance

Shares of Telefónica stock opened at $3.98 on Friday. The company’s 50 day moving average price is $4.28 and its two-hundred day moving average price is $4.48. The firm has a market capitalization of $22.57 billion, a P/E ratio of -15.31 and a beta of 0.68. Telefónica has a fifty-two week low of $3.82 and a fifty-two week high of $4.93. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81.

Telefónica Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, January 10th. Stockholders of record on Wednesday, December 18th were paid a $0.1576 dividend. The ex-dividend date was Wednesday, December 18th. This represents a dividend yield of 5.2%. Telefónica’s payout ratio is -84.62%.

Hedge Funds Weigh In On Telefónica

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC bought a new position in Telefónica during the 3rd quarter worth approximately $45,000. Abel Hall LLC acquired a new stake in shares of Telefónica during the third quarter worth $53,000. Traveka Wealth LLC bought a new position in Telefónica during the fourth quarter worth $60,000. Park Avenue Securities LLC raised its stake in Telefónica by 37.2% during the fourth quarter. Park Avenue Securities LLC now owns 15,692 shares of the utilities provider’s stock worth $63,000 after buying an additional 4,252 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Telefónica by 92.3% in the third quarter. GAMMA Investing LLC now owns 16,039 shares of the utilities provider’s stock valued at $78,000 after buying an additional 7,697 shares during the period. 1.14% of the stock is 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.