Shares of Telefonica SA (NYSE:TEF) saw an uptick in trading volume on Friday . 1,159,917 shares were traded during trading, a decline of 7% from the previous session’s volume of 1,250,314 shares.The stock last traded at $9.88 and had previously closed at $9.89.

A number of brokerages have issued reports on TEF. JPMorgan Chase & Co. reissued a “buy” rating on shares of Telefonica SA in a report on Wednesday, May 11th. Credit Suisse Group AG cut Telefonica SA to a “hold” rating in a report on Thursday, May 26th. Zacks Investment Research cut Telefonica SA from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Finally, Goldman Sachs Group Inc. cut Telefonica SA from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Telefonica SA has an average rating of “Hold” and a consensus price target of €11.00 ($12.50).

The company has a market capitalization of $57.84 billion and a P/E ratio of 27.57. The stock has a 50-day moving average of $9.78 and a 200-day moving average of $10.24.

An institutional investor recently raised its position in Telefonica SA stock. Morgan Stanley increased its stake in Telefonica SA (NYSE:TEF) by 33.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,323,952 shares of the company’s stock after buying an additional 329,986 shares during the period. Morgan Stanley’s holdings in Telefonica SA were worth $14,643,000 as of its most recent filing with the SEC.

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. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.

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