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.
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.
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.
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