Telefónica, S.A. (NYSE:TEF) Receives Consensus Rating of "Reduce" from Analysts

Telefónica, S.A. (NYSE:TEF - Get Free Report) has been assigned an average recommendation of "Reduce" from the six brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company.

A number of equities analysts have recently issued reports on the company. StockNews.com raised Telefónica from a "hold" rating to a "buy" rating in a research report on Wednesday, March 5th. Sanford C. Bernstein began coverage on Telefónica in a research note on Tuesday, April 22nd. They issued a "market perform" rating for the company.

Telefónica Stock Up 0.6 %

Shares of Telefónica stock traded up $0.03 on Tuesday, reaching $4.96. The stock had a trading volume of 510,185 shares, compared to its average volume of 688,296. Telefónica has a 1 year low of $3.89 and a 1 year high of $5.05. The company has a 50 day moving average price of $4.60 and a 200 day moving average price of $4.41. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $28.12 billion, a P/E ratio of -19.08 and a beta of 0.43.

Hedge Funds Weigh In On Telefónica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEF. Northern Trust Corp increased its holdings in shares of Telefónica by 30.7% in the fourth quarter. Northern Trust Corp now owns 3,622,588 shares of the utilities provider's stock valued at $14,563,000 after purchasing an additional 851,581 shares during the period. American Century Companies Inc. raised its position in Telefónica by 4.9% during the 4th quarter. American Century Companies Inc. now owns 1,429,565 shares of the utilities provider's stock worth $5,747,000 after buying an additional 66,797 shares during the last quarter. Nia Impact Advisors LLC boosted its holdings in shares of Telefónica by 11.5% in the 4th quarter. Nia Impact Advisors LLC now owns 982,717 shares of the utilities provider's stock valued at $3,951,000 after acquiring an additional 101,030 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Telefónica by 36.7% in the fourth quarter. First Trust Advisors LP now owns 963,584 shares of the utilities provider's stock worth $3,874,000 after acquiring an additional 258,489 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Telefónica by 0.6% during the fourth quarter. Bank of Montreal Can now owns 636,498 shares of the utilities provider's stock worth $2,559,000 after purchasing an additional 3,953 shares during the last quarter. Hedge funds and other institutional investors own 1.14% of the company's stock.

Telefónica Company Profile

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.