Sanford C. Bernstein began coverage on shares of Telefónica (NYSE:TEF - Free Report) in a research report sent to investors on Tuesday, MarketBeat.com reports. The brokerage issued a market perform rating on the utilities provider's stock.
Separately, StockNews.com upgraded shares of Telefónica from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold".
Read Our Latest Research Report on Telefónica
Telefónica Stock Up 0.6 %
TEF stock traded up $0.03 during mid-day trading on Tuesday, reaching $4.96. The company had a trading volume of 510,185 shares, compared to its average volume of 688,296. The firm has a fifty day simple moving average of $4.60 and a 200 day simple moving average of $4.41. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. The company has a market capitalization of $28.12 billion, a price-to-earnings ratio of -19.08 and a beta of 0.43. Telefónica has a fifty-two week low of $3.89 and a fifty-two week high of $5.05.
Institutional Trading of Telefónica
Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its position in shares of Telefónica by 71.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider's stock worth $25,000 after acquiring an additional 2,603 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Telefónica in the third quarter valued at approximately $45,000. Carrera Capital Advisors purchased a new position in Telefónica in the fourth quarter valued at approximately $47,000. Callan Family Office LLC acquired a new stake in Telefónica during the fourth quarter worth approximately $44,000. Finally, Drive Wealth Management LLC purchased a new stake in shares of Telefónica during the 4th quarter worth approximately $45,000. 1.14% of the stock is owned by hedge funds and other institutional investors.
About Telefónica
(
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Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.
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