Telefónica (NYSE:TEF) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Telefónica (NYSE:TEF) from a hold rating to a buy rating in a report released on Thursday.

Several other equities analysts have also recently weighed in on TEF. Bank of America cut Telefónica from a buy rating to a neutral rating in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered Telefónica from a hold rating to a sell rating in a report on Thursday, June 13th. Finally, New Street Research cut Telefónica from a strong-buy rating to a hold rating in a research report on Friday, July 5th.

Telefónica Trading Up 0.2 %

Shares of TEF stock opened at $4.89 on Thursday. The business’s 50 day moving average is $4.60 and its two-hundred day moving average is $4.46. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.37. Telefónica has a 12 month low of $3.71 and a 12 month high of $4.93. The company has a market cap of $27.73 billion, a PE ratio of -30.56 and a beta of 0.67.

Telefónica (NYSE:TEF) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $11.04 billion for the quarter, compared to the consensus estimate of $10.85 billion. Telefónica had a negative net margin of 1.62% and a positive return on equity of 9.18%. Equities analysts predict that Telefónica will post 0.34 EPS for the current year.

Hedge Funds Weigh In On Telefónica

Several large investors have recently added to or reduced their stakes in TEF. Nia Impact Advisors LLC acquired a new stake in shares of Telefónica during the 2nd quarter valued at about $3,645,000. QRG Capital Management Inc. boosted its holdings in Telefónica by 3.3% during the first quarter. QRG Capital Management Inc. now owns 206,183 shares of the utilities provider’s stock valued at $909,000 after purchasing an additional 6,501 shares in the last quarter. 180 Wealth Advisors LLC grew its stake in shares of Telefónica by 11.4% in the 1st quarter. 180 Wealth Advisors LLC now owns 39,655 shares of the utilities provider’s stock valued at $175,000 after purchasing an additional 4,050 shares during the period. Atomi Financial Group Inc. raised its holdings in shares of Telefónica by 40.9% in the 1st quarter. Atomi Financial Group Inc. now owns 23,002 shares of the utilities provider’s stock worth $101,000 after buying an additional 6,677 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its position in shares of Telefónica by 121.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 44,488 shares of the utilities provider’s stock worth $174,000 after buying an additional 24,395 shares during the period. Institutional investors and hedge funds 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.