Telefónica (NYSE:TEF) Upgraded at StockNews.com

StockNews.com upgraded shares of Telefónica (NYSE:TEF) from a hold rating to a buy rating in a report released on Friday morning.

A number of other brokerages have also recently issued reports on TEF. Hsbc Global Res upgraded Telefónica to a “hold” rating in a report on Wednesday, October 2nd. Bank of America cut Telefónica from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Finally, HSBC raised shares of Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Telefónica Trading Up 0.2 %

Shares of NYSE:TEF opened at $4.46 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.81 and a current ratio of 0.85. The stock has a market capitalization of $25.29 billion, a price-to-earnings ratio of -17.15 and a beta of 0.67. Telefónica has a 1-year low of $3.82 and a 1-year high of $4.93. The company has a 50 day moving average price of $4.73 and a 200 day moving average price of $4.55.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TEF. American Century Companies Inc. lifted its stake in Telefónica by 0.4% in the 2nd quarter. American Century Companies Inc. now owns 1,258,793 shares of the utilities provider’s stock worth $5,300,000 after acquiring an additional 4,949 shares in the last quarter. Nia Impact Advisors LLC purchased a new stake in shares of Telefónica in the second quarter worth approximately $3,645,000. Natixis Advisors LLC boosted its holdings in shares of Telefónica by 81.2% during the second quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock worth $2,933,000 after purchasing an additional 312,113 shares during the period. Crossmark Global Holdings Inc. grew its position in Telefónica by 5.2% during the third quarter. Crossmark Global Holdings Inc. now owns 394,217 shares of the utilities provider’s stock valued at $1,916,000 after purchasing an additional 19,539 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV grew its position in Telefónica by 8.1% during the third quarter. Mainstay Capital Management LLC ADV now owns 385,851 shares of the utilities provider’s stock valued at $1,875,000 after purchasing an additional 29,059 shares in 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.