Telefonica S.A. (NYSE:TEF) has been assigned an average recommendation of "Hold" from the fifteen ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $5.00.
TEF has been the subject of several research analyst reports. Morgan Stanley reiterated an "equal weight" rating on shares of Telefonica in a report on Wednesday, May 27th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Telefonica in a report on Wednesday, September 9th. Barclays reiterated an "equal weight" rating on shares of Telefonica in a report on Monday, August 3rd. Credit Suisse Group reiterated a "neutral" rating on shares of Telefonica in a report on Tuesday, August 4th. Finally, Zacks Investment Research downgraded Telefonica from a "buy" rating to a "hold" rating and set a $5.00 price objective for the company. in a report on Friday, July 17th.
Hedge funds have recently bought and sold shares of the company. Two Sigma Advisers LP lifted its position in shares of Telefonica by 16.1% during the 1st quarter. Two Sigma Advisers LP now owns 79,500 shares of the utilities provider's stock valued at $363,000 after buying an additional 11,000 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Telefonica by 85.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 63,652 shares of the utilities provider's stock valued at $291,000 after buying an additional 29,344 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Telefonica by 55.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 2,959,315 shares of the utilities provider's stock valued at $13,524,000 after buying an additional 1,050,340 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Telefonica during the 1st quarter valued at about $149,000. Finally, Wells Fargo & Company MN lifted its holdings in Telefonica by 2.9% in the 1st quarter. Wells Fargo & Company MN now owns 541,344 shares of the utilities provider's stock worth $2,474,000 after purchasing an additional 15,104 shares in the last quarter. 0.94% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:TEF opened at $3.84 on Wednesday. Telefonica has a 1-year low of $3.75 and a 1-year high of $8.06. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.19 and a quick ratio of 1.14. The business has a fifty day moving average price of $4.12 and a 200-day moving average price of $4.65. The company has a market capitalization of $19.94 billion, a PE ratio of -384.00, a PEG ratio of 0.46 and a beta of 0.69.
Telefonica (NYSE:TEF) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.13 earnings per share for the quarter. Telefonica had a return on equity of 12.65% and a net margin of 0.39%. The firm had revenue of $11.38 billion during the quarter. On average, sell-side analysts anticipate that Telefonica will post 0.47 earnings per share for the current fiscal year.
Telefonica Company Profile
Telefónica, SA provides mobile and fixed communication services primarily in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.
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6 Stocks Riding the Coattails of Nikola Motor
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And while the United States has 39 hydrogen fueling stations, it’s an expensive, complicated venture. But that’s been the problem with hydrogen for nearly two decades. And that has some investors wondering what the company’s chief executive officer (CEO) Trevor Milton is really selling.
Leaving aside the question of whether Nikola is riding the coattails of Tesla, Nikola is beginning to create some significant coattails of its own. And there’s a reason for this. While Nikola is planning to compete with Tesla in the electric car arena, it’s also covering a specific niche with a semi-truck that will run on a hydrogen fuel cell.
View the "6 Stocks Riding the Coattails of Nikola Motor".