Shares of Telefonica S.A. (NYSE:TEF) have received a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $11.08.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Telefonica from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 27th. ValuEngine raised shares of Telefonica from a “buy” rating to a “strong-buy” rating in a report on Friday, July 7th. BidaskClub lowered shares of Telefonica from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. BNP Paribas began coverage on shares of Telefonica in a report on Wednesday, May 31st. They set a “neutral” rating on the stock. Finally, TheStreet raised shares of Telefonica from a “c” rating to a “b” rating in a report on Thursday, May 25th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its position in Telefonica by 31.9% during the first quarter. Bank of Montreal Can now owns 70,783 shares of the utilities provider’s stock valued at $792,000 after buying an additional 17,102 shares during the period. Wells Fargo & Company MN grew its position in Telefonica by 53.7% during the first quarter. Wells Fargo & Company MN now owns 325,123 shares of the utilities provider’s stock valued at $3,639,000 after buying an additional 113,532 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in Telefonica during the first quarter valued at approximately $291,000. First Trust Advisors LP grew its position in Telefonica by 557.8% during the first quarter. First Trust Advisors LP now owns 551,351 shares of the utilities provider’s stock valued at $6,170,000 after buying an additional 467,529 shares during the period. Finally, Princeton Alpha Management LP bought a new stake in Telefonica during the first quarter valued at approximately $249,000. 0.93% of the stock is owned by hedge funds and other institutional investors.
Shares of Telefonica (NYSE:TEF) traded up 0.65% on Tuesday, reaching $10.81. 1,595,451 shares of the company’s stock traded hands. The firm has a market cap of $55.38 billion, a P/E ratio of 18.26 and a beta of 1.32. Telefonica has a one year low of $8.15 and a one year high of $11.64. The company’s 50-day moving average price is $10.96 and its 200 day moving average price is $10.97.
Telefonica (NYSE:TEF) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). Telefonica had a return on equity of 17.72% and a net margin of 6.54%. The firm had revenue of $14.24 billion during the quarter, compared to analysts’ expectations of $15.01 billion. On average, equities analysts forecast that Telefonica will post $0.89 EPS for the current fiscal year.
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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