Analysts Set Telefónica, S.A. (NYSE:TEF) Price Target at $4.00

Shares of Telefónica, S.A. (NYSE:TEF – Get Rating) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $4.00.

A number of analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of Telefónica from a “neutral” rating to a “buy” rating in a report on Wednesday, December 14th. StockNews.com assumed coverage on shares of Telefónica in a report on Thursday. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Telefónica from a “buy” rating to a “hold” rating in a report on Monday, February 20th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Telefónica from €2.70 ($2.90) to €2.50 ($2.69) and set an “underweight” rating on the stock in a report on Thursday, January 5th.

Telefónica Stock Performance

Shares of NYSE TEF opened at $3.93 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.91 and a current ratio of 0.98. The company has a market cap of $22.70 billion, a P/E ratio of 11.56 and a beta of 0.59. The firm’s fifty day moving average is $3.95 and its two-hundred day moving average is $3.70. Telefónica has a 52-week low of $3.10 and a 52-week high of $5.39.

Telefónica (NYSE:TEF – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The utilities provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $10.42 billion for the quarter, compared to the consensus estimate of $10.56 billion. Telefónica had a net margin of 5.07% and a return on equity of 6.53%. As a group, analysts anticipate that Telefónica will post 0.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Telefónica

Hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in Telefónica in the 4th quarter valued at about $36,000. AlphaQ Advisors LLC purchased a new stake in Telefónica in the 4th quarter valued at about $36,000. Ronald Blue Trust Inc. purchased a new stake in Telefónica in the 2nd quarter valued at about $39,000. Naviter Wealth LLC purchased a new stake in Telefónica in the 4th quarter valued at about $40,000. Finally, United Capital Financial Advisers LLC purchased a new stake in Telefónica in the 4th quarter valued at about $41,000. 6.13% of the stock is currently owned by institutional investors.

About Telefónica

(Get Rating)

Telefónica SA engages in the provision of communication, information and entertainment solutions. It operates through the following brands: Telefónica, Movistar, O2, and Vivo. The company was founded on April 19, 1924 and is headquartered in Madrid, Spain.