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

Shares of Telefónica, S.A. (NYSE:TEF) have been assigned an average recommendation of “Reduce” from the five analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

A number of research analysts recently issued reports on the stock. Hsbc Global Res upgraded shares of Telefónica to a “hold” rating in a report on Wednesday, October 2nd. Bank of America cut shares of Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, HSBC raised Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Telefónica Price Performance

Shares of TEF opened at $4.53 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The stock has a market cap of $25.69 billion, a P/E ratio of -17.42 and a beta of 0.67. The stock’s 50-day moving average price is $4.66 and its two-hundred day moving average price is $4.54. Telefónica has a 1 year low of $3.82 and a 1 year high of $4.93.

Institutional Trading of Telefónica

Several hedge funds and other institutional investors have recently modified their holdings of TEF. EverSource Wealth Advisors LLC boosted its holdings in Telefónica by 171.6% during the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 3,590 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Telefónica by 113.9% in the 1st quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock valued at $26,000 after buying an additional 3,135 shares during the last quarter. Aaron Wealth Advisors LLC bought a new stake in Telefónica during the second quarter worth $45,000. Sanctuary Advisors LLC acquired a new stake in Telefónica in the third quarter valued at $45,000. Finally, Abel Hall LLC bought a new position in shares of Telefónica in the 3rd quarter valued at about $53,000. Institutional investors and hedge funds 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.