Telefónica (NYSE:TEF) PT Raised to €5.20 at Morgan Stanley

Telefónica (NYSE:TEF – Get Rating) had its price target lifted by analysts at Morgan Stanley from €4.80 ($5.05) to €5.20 ($5.47) in a research report issued to clients and investors on Sunday, The Fly reports.

TEF has been the topic of a number of other research reports. StockNews.com lowered shares of Telefónica from a “buy” rating to a “hold” rating in a research report on Monday, March 28th. JPMorgan Chase & Co. dropped their price target on shares of Telefónica from €4.30 ($4.53) to €4.10 ($4.32) and set an “underweight” rating on the stock in a research report on Tuesday, May 3rd. Barclays dropped their price target on shares of Telefónica from €4.20 ($4.42) to €4.00 ($4.21) in a research report on Friday, April 1st. New Street Research downgraded shares of Telefónica from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 19th. Finally, Zacks Investment Research upgraded shares of Telefónica from a “sell” rating to a “hold” rating and set a $5.00 price objective on the stock in a research note on Tuesday, February 1st. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $4.52.

Shares of TEF opened at $4.92 on Friday. The firm has a market cap of $28.43 billion, a PE ratio of 2.93, a PEG ratio of 1.02 and a beta of 0.61. The firm’s 50 day moving average price is $4.83 and its 200 day moving average price is $4.61. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.91 and a current ratio of 0.98. Telefónica has a twelve month low of $4.10 and a twelve month high of $5.39.

Telefónica (NYSE:TEF – Get Rating) last released its quarterly earnings results on Thursday, February 24th. The utilities provider reported $0.08 EPS for the quarter. Telefónica had a net margin of 21.49% and a return on equity of 6.88%. The company had revenue of $11.06 billion for the quarter, compared to analyst estimates of $10.62 billion. On average, sell-side analysts anticipate that Telefónica will post 0.3 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its stake in Telefónica by 350.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 7,320 shares of the utilities provider’s stock worth $35,000 after buying an additional 5,695 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of Telefónica in the 4th quarter valued at $39,000. Concord Wealth Partners boosted its stake in shares of Telefónica by 722.5% in the 4th quarter. Concord Wealth Partners now owns 9,401 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 8,258 shares in the last quarter. UMB Bank N A MO acquired a new stake in shares of Telefónica in the 4th quarter valued at $40,000. Finally, Pendal Group Ltd acquired a new stake in shares of Telefónica in the 1st quarter valued at $48,000. Hedge funds and other institutional investors own 6.25% of the company’s stock.

About Telefónica (Get Rating)

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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