Analysts Set Telefonica SA (NYSE:TEF) Price Target at $4.20

Shares of Telefonica SA (NYSE:TEF) have been assigned an average recommendation of “Strong Sell” from the five ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $4.20.

A number of equities analysts have issued reports on TEF shares. BNP Paribas Exane started coverage on shares of Telefonica in a report on Tuesday. They set an “underperform” rating and a $4.20 price objective on the stock. Berenberg Bank raised shares of Telefonica to a “hold” rating in a report on Thursday, June 26th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Telefonica in a report on Wednesday, October 8th.

Telefonica Stock Performance

Shares of TEF stock opened at $5.25 on Tuesday. The firm has a market capitalization of $29.74 billion, a PE ratio of -10.93, a price-to-earnings-growth ratio of 0.61 and a beta of 0.49. The firm has a fifty day simple moving average of $5.25 and a two-hundred day simple moving average of $5.17. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.47. Telefonica has a 12 month low of $3.89 and a 12 month high of $5.72.

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

Hedge Funds Weigh In On Telefonica

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Atwood & Palmer Inc. bought a new position in Telefonica during the second quarter valued at about $44,000. Cromwell Holdings LLC grew its position in Telefonica by 50.4% during the first quarter. Cromwell Holdings LLC now owns 10,031 shares of the utilities provider’s stock valued at $47,000 after buying an additional 3,361 shares during the period. Wrapmanager Inc. bought a new position in Telefonica during the second quarter valued at about $53,000. AlphaCore Capital LLC bought a new position in Telefonica during the second quarter valued at about $55,000. Finally, Momentous Wealth Management Inc. bought a new position in Telefonica during the first quarter valued at about $50,000. 1.14% of the stock is owned by hedge funds and other institutional investors.

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.