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

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

Separately, StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a research report on Wednesday.

Telefónica Stock Up 0.6 %

Shares of NYSE TEF opened at $4.42 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. Telefónica has a 12-month low of $3.89 and a 12-month high of $4.93. The firm’s 50-day moving average price is $4.14 and its 200-day moving average price is $4.43. The stock has a market capitalization of $25.03 billion, a price-to-earnings ratio of -16.98 and a beta of 0.68.

Institutional Investors Weigh In On Telefónica

Several hedge funds and other institutional investors have recently made changes to their positions in TEF. Franklin Resources Inc. boosted its holdings in Telefónica by 3.7% during 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 during the period. Stifel Financial Corp lifted its position in shares of Telefónica by 0.5% during the fourth quarter. Stifel Financial Corp now owns 464,198 shares of the utilities provider’s stock worth $1,866,000 after purchasing an additional 2,478 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Telefónica by 71.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 2,603 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Telefónica by 18.3% during the fourth quarter. GAMMA Investing LLC now owns 18,975 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 2,936 shares during the period. Finally, Gitterman Wealth Management LLC grew its holdings in shares of Telefónica by 8.5% in the fourth quarter. Gitterman Wealth Management LLC now owns 41,311 shares of the utilities provider’s stock worth $166,000 after purchasing an additional 3,246 shares during the last quarter. Hedge funds and other institutional investors own 1.14% of the company’s stock.

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.