Telefonica (NYSE:TEF) was upgraded by equities researchers at Citigroup to an “outperform” rating in a report issued on Wednesday, The Fly reports. The analysts noted that the move was a valuation call.

Several other research analysts have also recently weighed in on TEF. Zacks Investment Research cut shares of Telefonica from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Berenberg Bank raised shares of Telefonica from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Barclays raised shares of Telefonica from an “underweight” rating to an “equal weight” rating in a report on Friday, October 20th. ValuEngine upgraded shares of Telefonica from a “hold” rating to a “buy” rating in a research report on Monday, November 20th. Finally, Sanford C. Bernstein lowered shares of Telefonica from a “market perform” rating to an “underperform” rating in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Telefonica currently has an average rating of “Buy” and an average price target of $11.70.

Telefonica (NYSE TEF) opened at $10.02 on Wednesday. The firm has a market cap of $52,450.00, a PE ratio of 20.04 and a beta of 1.29. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 1.79. Telefonica has a fifty-two week low of $9.37 and a fifty-two week high of $11.64.

Telefonica (NYSE:TEF) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.23 earnings per share for the quarter. Telefonica had a net margin of 4.95% and a return on equity of 29.25%. equities research analysts anticipate that Telefonica will post 0.86 earnings per share for the current year.

Several large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. grew its position in shares of Telefonica by 0.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 118 shares in the last quarter. Advisor Group Inc. grew its position in shares of Telefonica by 3.1% during the 2nd quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 406 shares in the last quarter. Carret Asset Management LLC grew its position in shares of Telefonica by 2.1% during the 2nd quarter. Carret Asset Management LLC now owns 24,764 shares of the utilities provider’s stock worth $257,000 after purchasing an additional 500 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Telefonica by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,175 shares of the utilities provider’s stock worth $334,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in shares of Telefonica by 6.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 17,782 shares of the utilities provider’s stock worth $170,000 after purchasing an additional 1,059 shares in the last quarter. Hedge funds and other institutional investors own 0.91% of the company’s stock.

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About Telefonica

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).

The Fly

Analyst Recommendations for Telefonica (NYSE:TEF)

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