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

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

Several research analysts recently commented on TEF shares. Sanford C. Bernstein started coverage on shares of Telefónica in a research note on Tuesday, April 22nd. They issued a "market perform" rating on the stock. StockNews.com downgraded shares of Telefónica from a "buy" rating to a "hold" rating in a research report on Wednesday.

Telefónica Trading Up 2.0%

Shares of NYSE TEF opened at $4.92 on Friday. The company has a market cap of $27.87 billion, a PE ratio of -18.90 and a beta of 0.46. The firm's 50 day moving average price is $4.77 and its 200-day moving average price is $4.44. Telefónica has a 52-week low of $3.89 and a 52-week high of $5.15. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85.

Telefónica (NYSE:TEF - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The utilities provider reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $10.06 billion. Telefónica had a negative net margin of 2.84% and a positive return on equity of 10.10%. On average, equities research analysts expect that Telefónica will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Telefónica

Large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp boosted its stake in shares of Telefónica by 0.5% in the fourth quarter. Stifel Financial Corp now owns 464,198 shares of the utilities provider's stock valued at $1,866,000 after purchasing an additional 2,478 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Telefónica by 71.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 2,603 shares during the period. Gitterman Wealth Management LLC grew its position in Telefónica by 8.5% in the 4th quarter. Gitterman Wealth Management LLC now owns 41,311 shares of the utilities provider's stock valued at $166,000 after buying an additional 3,246 shares during the last quarter. Cromwell Holdings LLC grew its position in Telefónica by 50.4% in the 1st quarter. Cromwell Holdings LLC now owns 10,031 shares of the utilities provider's stock valued at $47,000 after buying an additional 3,361 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its position in Telefónica by 0.9% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 391,277 shares of the utilities provider's stock valued at $1,573,000 after buying an additional 3,500 shares during the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

About Telefónica

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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