Telefonica SA (NYSE:TEF) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

TEF has been the subject of a number of other reports. TheStreet upgraded Telefonica SA from a “c” rating to a “b” rating in a research report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) upgraded Telefonica SA from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 17th. BNP Paribas assumed coverage on Telefonica SA in a research report on Wednesday, May 31st. They issued a “neutral” rating for the company. Zacks Investment Research downgraded Telefonica SA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Finally, Barclays PLC downgraded Telefonica SA from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.68.

Telefonica SA (TEF) opened at 10.89 on Friday. The firm has a market capitalization of $55.79 billion, a PE ratio of 18.65 and a beta of 1.34. The company’s 50-day moving average price is $10.85 and its 200 day moving average price is $10.79. Telefonica SA has a one year low of $8.15 and a one year high of $11.64.

Telefonica SA (NYSE:TEF) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $14.24 billion during the quarter, compared to analyst estimates of $15.01 billion. Telefonica SA had a return on equity of 29.02% and a net margin of 5.18%. On average, analysts forecast that Telefonica SA will post $0.89 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in TEF. Advisory Services Network LLC acquired a new stake in Telefonica SA during the first quarter worth about $461,000. Wells Fargo & Company MN raised its stake in Telefonica SA by 53.7% in the first quarter. Wells Fargo & Company MN now owns 325,123 shares of the utilities provider’s stock worth $3,639,000 after buying an additional 113,532 shares during the last quarter. Greenleaf Trust acquired a new stake in Telefonica SA during the first quarter worth about $151,000. Wetherby Asset Management Inc. raised its stake in Telefonica SA by 30.8% in the first quarter. Wetherby Asset Management Inc. now owns 31,511 shares of the utilities provider’s stock worth $353,000 after buying an additional 7,416 shares during the last quarter. Finally, Mondrian Investment Partners LTD raised its stake in Telefonica SA by 32.8% in the first quarter. Mondrian Investment Partners LTD now owns 3,575,537 shares of the utilities provider’s stock worth $40,010,000 after buying an additional 884,000 shares during the last quarter. Institutional investors own 0.93% of the company’s stock.

Telefonica SA Company Profile

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).

Analyst Recommendations for Telefonica SA (NYSE:TEF)

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