Telefónica (NYSE:TEF) Upgraded by StockNews.com to Buy Rating

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

Other analysts have also recently issued research reports about the stock. Hsbc Global Res upgraded shares of Telefónica to a “hold” rating in a report on Wednesday, October 2nd. HSBC raised shares of Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Telefónica currently has an average rating of “Hold”.

Telefónica Trading Down 1.1 %

TEF opened at $4.39 on Thursday. The firm has a market capitalization of $24.89 billion, a price-to-earnings ratio of -16.88 and a beta of 0.66. Telefónica has a one year low of $3.82 and a one year high of $4.93. The business has a 50 day simple moving average of $4.58 and a two-hundred day simple moving average of $4.54. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81.

Telefónica Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Friday, January 10th. Shareholders of record on Wednesday, December 18th will be issued a $0.1576 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a yield of 5.2%. Telefónica’s dividend payout ratio (DPR) is -88.46%.

Institutional Trading of Telefónica

A number of hedge funds have recently modified their holdings of TEF. Aaron Wealth Advisors LLC bought a new position in shares of Telefónica in the 2nd quarter worth about $45,000. Sanctuary Advisors LLC purchased a new stake in Telefónica in the third quarter worth about $45,000. Abel Hall LLC bought a new position in shares of Telefónica during the third quarter valued at approximately $53,000. Decatur Capital Management Inc. bought a new position in shares of Telefónica during the second quarter valued at approximately $70,000. Finally, Forum Financial Management LP purchased a new position in shares of Telefónica during the second quarter valued at approximately $75,000. 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.