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

Telefónica, S.A. (NYSE:TEF) has received an average rating of “Reduce” from the six research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company.

TEF has been the subject of several analyst reports. StockNews.com cut shares of Telefónica from a “buy” rating to a “hold” rating in a research note on Wednesday, May 14th. Sanford C. Bernstein initiated coverage on Telefónica in a report on Tuesday, April 22nd. They set a “market perform” rating for the company.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Telefónica by 293.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,412 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 26,410 shares in the last quarter. Park Avenue Securities LLC grew its position in Telefónica by 37.2% during the 4th quarter. Park Avenue Securities LLC now owns 15,692 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 4,252 shares during the last quarter. Merit Financial Group LLC bought a new position in Telefónica during the 4th quarter worth approximately $47,000. Aaron Wealth Advisors LLC grew its position in Telefónica by 7.2% during the 4th quarter. Aaron Wealth Advisors LLC now owns 58,218 shares of the utilities provider’s stock worth $234,000 after acquiring an additional 3,902 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its holdings in Telefónica by 11.3% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 151,279 shares of the utilities provider’s stock worth $608,000 after buying an additional 15,343 shares during the period. Institutional investors own 1.14% of the company’s stock.

Telefónica Stock Up 2.0%

Shares of NYSE TEF opened at $5.01 on Friday. The firm’s 50-day simple moving average is $4.78 and its 200 day simple moving average is $4.44. The company has a market cap of $28.41 billion, a price-to-earnings ratio of -19.27 and a beta of 0.46. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. Telefónica has a 12-month low of $3.89 and a 12-month high of $5.15.

Telefónica (NYSE:TEF) last released its earnings results on Wednesday, May 14th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. Telefónica had a negative net margin of 2.84% and a positive return on equity of 10.10%. The company had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $10.06 billion. On average, research analysts expect that Telefónica will post 0.3 earnings per share for the current fiscal year.

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.