Telefónica, S.A. (NYSE:TEF) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Telefónica, S.A. (NYSE:TEF) have been assigned an average recommendation of “Reduce” from the five research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company.

A number of equities analysts have recently weighed in on the stock. Bank of America downgraded shares of Telefónica from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Hsbc Global Res upgraded shares of Telefónica to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com cut shares of Telefónica from a “buy” rating to a “hold” rating in a research note on Saturday, October 12th. Finally, HSBC raised shares of Telefónica from a “reduce” rating to a “hold” rating in a report on Wednesday, October 2nd.

Telefónica Stock Performance

Shares of NYSE TEF opened at $4.65 on Tuesday. Telefónica has a 1 year low of $3.82 and a 1 year high of $4.93. The stock has a fifty day moving average price of $4.73 and a two-hundred day moving average price of $4.54. The firm has a market cap of $26.37 billion, a P/E ratio of -29.06 and a beta of 0.67. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.81 and a current ratio of 0.85.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nia Impact Advisors LLC acquired a new position in Telefónica in the 2nd quarter valued at approximately $3,645,000. QRG Capital Management Inc. increased its holdings in shares of Telefónica by 3.3% in the 1st quarter. QRG Capital Management Inc. now owns 206,183 shares of the utilities provider’s stock worth $909,000 after buying an additional 6,501 shares during the last quarter. Atomi Financial Group Inc. increased 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 during the last quarter. Natixis Advisors LLC boosted its stake in shares of Telefónica by 81.2% in the 2nd quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock valued at $2,933,000 after purchasing an additional 312,113 shares in the last quarter. Finally, Wedmont Private Capital purchased a new stake in Telefónica during the 2nd quarter valued at $76,000. Institutional investors and hedge funds own 1.14% of the company’s stock.

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.