Telefonica SA (NYSE:TEF) Stock Has Average Target Price of $4.12

Key Points

• Telefonica has a “Reduce” consensus rating from six analysts, split between three sell ratings and three holds. The average 12-month price target is $4.12, modestly above the stock’s reported $3.81 opening price.
• Recent analyst actions were mixed: BNP Paribas Exane upgraded the shares to neutral with a $4.40 target, while New Street Research downgraded them to sell.
• Telefonica’s shares are near their 52-week low of $3.80, with a market capitalization of approximately $21.6 billion. Institutional investors own just 1.14% of the company’s stock.

Telefonica SA (NYSE:TEF - Get Free Report) has earned an average recommendation of "Reduce" from the six brokerages that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.12.

Several equities research analysts have recently issued reports on TEF shares. BNP Paribas Exane upgraded Telefonica to a "neutral" rating and set a $4.40 price target for the company in a report on Wednesday, September 9th. New Street Research downgraded Telefonica from a "reduce" rating to a "sell" rating in a report on Friday, August 21st.

Telefonica Price Performance

Shares of NYSE:TEF opened at $3.81 on Friday. The firm has a market cap of $21.60 billion, a price-to-earnings ratio of -9.29, a P/E/G ratio of 0.26 and a beta of 0.29. Telefonica has a 1 year low of $3.80 and a 1 year high of $5.72. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 1.44. The business has a fifty day simple moving average of $3.81 and a 200 day simple moving average of $3.81.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Telefonica by 105.6% in the second quarter. GAMMA Investing LLC now owns 11,352 shares of the utilities provider's stock worth $45,000 after purchasing an additional 5,831 shares in the last quarter. Cozad Asset Management Inc. raised its holdings in Telefonica by 11.2% during the first quarter. Cozad Asset Management Inc. now owns 36,638 shares of the utilities provider's stock valued at $140,000 after buying an additional 3,684 shares in the last quarter. Assetmark Inc. raised its holdings in Telefonica by 52.5% during the first quarter. Assetmark Inc. now owns 266,549 shares of the utilities provider's stock valued at $1,016,000 after buying an additional 91,749 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Telefonica by 178.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 15,732 shares of the utilities provider's stock worth $64,000 after buying an additional 10,075 shares during the last quarter. Institutional investors own 1.14% of the company's stock.

Telefonica Company Profile

Telefónica, SA NYSE: TEF is a Spanish telecommunications company headquartered in Madrid. Founded in 1924 as Compañía Telefónica Nacional de España, it has grown into an international provider of communications and digital services.

The company offers fixed-line and mobile telecommunications, broadband and fiber-optic connectivity, television, data services, cloud computing, cybersecurity and other digital solutions. Its consumer and business services are marketed primarily under brands including Movistar, O2 and Vivo.

Telefónica's principal operations are in Spain, Germany and Brazil, while it also has telecommunications activities across several Spanish-speaking Latin American markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.