Telefónica, S.A. (NYSE:TEF) Given Consensus Rating of “Hold” by Analysts

Telefónica, S.A. (NYSE:TEFGet Rating) has received a consensus recommendation of “Hold” from the ten research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $4.55.

A number of equities analysts have recently weighed in on the company. StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a report on Wednesday, June 1st. Morgan Stanley upped their target price on Telefónica from €4.80 ($5.16) to €5.20 ($5.59) in a research note on Sunday, May 15th. Credit Suisse Group dropped their target price on Telefónica from €4.80 ($5.16) to €4.68 ($5.03) and set a “neutral” rating for the company in a research note on Monday, May 23rd. JPMorgan Chase & Co. dropped their target price on Telefónica from €4.30 ($4.62) to €4.10 ($4.41) and set an “underweight” rating for the company in a research note on Tuesday, May 3rd. Finally, New Street Research lowered Telefónica from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 19th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its position in shares of Telefónica by 350.5% in 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 during the period. National Bank of Canada FI purchased a new stake in shares of Telefónica in the fourth quarter worth about $39,000. Concord Wealth Partners boosted its position in shares of Telefónica by 722.5% in the fourth quarter. Concord Wealth Partners now owns 9,401 shares of the utilities provider’s stock worth $40,000 after buying an additional 8,258 shares during the period. UMB Bank N A MO acquired a new position in shares of Telefónica in the fourth quarter worth about $40,000. Finally, Pendal Group Ltd acquired a new position in shares of Telefónica in the first quarter worth about $48,000. 6.25% of the stock is owned by institutional investors.

NYSE TEF opened at $4.85 on Friday. Telefónica has a fifty-two week low of $4.10 and a fifty-two week high of $5.39. The stock has a market cap of $28.03 billion, a price-to-earnings ratio of 2.89, a price-to-earnings-growth ratio of 1.04 and a beta of 0.60. The business has a fifty day moving average of $5.04 and a 200-day moving average of $4.70. The company has a quick ratio of 0.83, a current ratio of 0.89 and a debt-to-equity ratio of 1.03.

The business also recently announced a semi-annual dividend, which will be paid on Monday, June 27th. Stockholders of record on Thursday, June 2nd will be given a $0.103 dividend. This represents a dividend yield of 4.05%. The ex-dividend date is Wednesday, June 1st. Telefónica’s payout ratio is 12.50%.

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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Analyst Recommendations for Telefónica (NYSE:TEF)

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