Telefónica (NYSE:TEF) Upgraded at HSBC

HSBC upgraded shares of Telefónica (NYSE:TEF) from a reduce rating to a hold rating in a research report report published on Wednesday, Marketbeat Ratings reports.

Several other analysts have also commented on the stock. New Street Research lowered shares of Telefónica from a strong-buy rating to a hold rating in a research report on Friday, July 5th. StockNews.com upgraded Telefónica from a hold rating to a buy rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft cut Telefónica from a hold rating to a sell rating in a report on Thursday, June 13th. Finally, Bank of America lowered Telefónica from a buy rating to a neutral rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold.

Telefónica Trading Up 0.4 %

NYSE TEF opened at $4.75 on Wednesday. The stock has a 50-day simple moving average of $4.63 and a two-hundred day simple moving average of $4.48. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.37. Telefónica has a fifty-two week low of $3.71 and a fifty-two week high of $4.93.

Telefónica (NYSE:TEF) last announced its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. The company had revenue of $11.04 billion during the quarter, compared to the consensus estimate of $10.85 billion. As a group, equities research analysts forecast that Telefónica will post 0.34 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Telefónica by 171.6% during the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 3,590 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Telefónica by 113.9% in the 1st quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 3,135 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Telefónica in the 1st quarter valued at $34,000. HighPoint Advisor Group LLC acquired a new stake in Telefónica during the 4th quarter worth $45,000. Finally, Aaron Wealth Advisors LLC purchased a new stake in shares of Telefónica during the second quarter worth $45,000. 1.14% of the stock is owned by hedge funds and other institutional investors.

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.