Telefonica SA (NYSE:TEF) Given Average Rating of “Reduce” by Brokerages

Shares of Telefonica SA (NYSE:TEF) have earned a consensus rating of “Reduce” from the five brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

Separately, Berenberg Bank raised Telefonica to a “hold” rating in a report on Thursday, June 26th.

Telefonica Trading Down 0.2%

Shares of TEF opened at $5.25 on Friday. The company has a market capitalization of $29.77 billion, a P/E ratio of -10.94, a P/E/G ratio of 0.60 and a beta of 0.56. Telefonica has a one year low of $3.89 and a one year high of $5.72. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.81 and a current ratio of 0.85. The stock has a 50-day moving average price of $5.36 and a 200 day moving average price of $5.10.

Telefonica (NYSE:TEF) last released its earnings results on Wednesday, July 30th. The utilities provider reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. Telefonica had a positive return on equity of 8.57% and a negative net margin of 5.88%.The company had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $9.03 billion. Sell-side analysts forecast that Telefonica will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Cerity Partners LLC lifted its holdings in Telefonica by 65.0% during the 1st quarter. Cerity Partners LLC now owns 454,853 shares of the utilities provider’s stock worth $2,120,000 after buying an additional 179,119 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Telefonica by 20.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 36,154 shares of the utilities provider’s stock worth $145,000 after purchasing an additional 6,100 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Telefonica by 340.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 206,150 shares of the utilities provider’s stock worth $961,000 after purchasing an additional 159,319 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Telefonica by 179.2% in the 4th quarter. Millennium Management LLC now owns 281,932 shares of the utilities provider’s stock worth $1,133,000 after purchasing an additional 180,945 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Telefonica by 10.0% in the 1st quarter. Bank of New York Mellon Corp now owns 140,352 shares of the utilities provider’s stock worth $654,000 after purchasing an additional 12,784 shares during the last quarter. Institutional investors own 1.14% of the company’s stock.

Telefonica Company Profile

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.