TEF has been the subject of several other research reports. Bank of America Corporation upgraded shares of Telefonica SA from a neutral rating to a buy rating in a research report on Wednesday, March 1st. Zacks Investment Research upgraded shares of Telefonica SA from a sell rating to a buy rating and set a $11.00 price objective for the company in a research report on Tuesday, February 14th. Deutsche Bank AG upgraded shares of Telefonica SA from a hold rating to a buy rating and raised their price objective for the company from $8.50 to $11.40 in a research report on Thursday, March 9th. Goldman Sachs Group, Inc. (The) raised shares of Telefonica SA from a neutral rating to a buy rating in a research note on Wednesday, May 17th. Finally, Barclays PLC lowered shares of Telefonica SA from an equal weight rating to an underweight rating in a research note on Friday, May 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $10.69.
Telefonica SA (NYSE TEF) traded down 1.75% during trading on Thursday, hitting $10.66. The company’s stock had a trading volume of 835,858 shares. The firm has a market cap of $53.96 billion, a PE ratio of 20.54 and a beta of 1.40. Telefonica SA has a one year low of $8.15 and a one year high of $11.64. The company has a 50-day moving average of $11.18 and a 200 day moving average of $10.37.
The company also recently announced a dividend, which will be paid on Thursday, June 29th. Investors of record on Thursday, June 15th will be issued a dividend of $0.168 per share. The ex-dividend date is Tuesday, June 13th. Telefonica SA’s payout ratio is 96.16%.
A number of institutional investors have recently modified their holdings of TEF. Bellecapital International Ltd. increased its position in shares of Telefonica SA by 136.0% in the third quarter. Bellecapital International Ltd. now owns 29,500 shares of the utilities provider’s stock worth $297,000 after buying an additional 17,000 shares during the last quarter. Johnson Investment Counsel Inc. purchased a new position in shares of Telefonica SA during the third quarter worth $112,000. UBS Group AG boosted its position in Telefonica SA by 21.3% in the third quarter. UBS Group AG now owns 995,989 shares of the utilities provider’s stock worth $10,040,000 after buying an additional 174,628 shares during the period. Nuveen Fund Advisors LLC boosted its position in Telefonica SA by 77.4% in the third quarter. Nuveen Fund Advisors LLC now owns 58,965 shares of the utilities provider’s stock worth $594,000 after buying an additional 25,723 shares during the period. Finally, Jane Street Group LLC bought a new position in Telefonica SA during the third quarter worth approximately $7,373,000. Institutional investors and hedge funds own 0.93% of the company’s stock.
About Telefonica SA
Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).
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