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

Telefónica, S.A. (NYSE:TEF) has received an average rating of “Reduce” from the six analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company.

A number of brokerages have commented on TEF. Sanford C. Bernstein assumed coverage on shares of Telefónica in a research note on Tuesday. They set a “market perform” rating for the company. StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th.

Telefónica Stock Performance

Shares of NYSE TEF opened at $4.93 on Tuesday. The firm has a market capitalization of $27.93 billion, a price-to-earnings ratio of -18.94 and a beta of 0.43. Telefónica has a one year low of $3.89 and a one year high of $5.05. The business has a fifty day simple moving average of $4.58 and a 200 day simple moving average of $4.42. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33.

Institutional Trading of Telefónica

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp grew its holdings in Telefónica by 30.7% during the 4th quarter. Northern Trust Corp now owns 3,622,588 shares of the utilities provider’s stock worth $14,563,000 after acquiring an additional 851,581 shares during the last quarter. Drum Hill Capital LLC acquired a new stake in shares of Telefónica in the fourth quarter valued at approximately $2,001,000. First Trust Advisors LP raised its position in Telefónica by 36.7% in the 4th quarter. First Trust Advisors LP now owns 963,584 shares of the utilities provider’s stock worth $3,874,000 after purchasing an additional 258,489 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Telefónica during the 4th quarter worth $1,022,000. Finally, HighTower Advisors LLC boosted its position in Telefónica by 383.0% in the 4th quarter. HighTower Advisors LLC now owns 259,229 shares of the utilities provider’s stock valued at $1,042,000 after buying an additional 205,558 shares during the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

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.