Telefonica SA (NYSE:TEF) Receives $4.20 Average Price Target from Analysts

Telefonica SA (NYSE:TEF) has received an average rating of “Strong Sell” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $4.20.

A number of equities analysts recently weighed in on TEF shares. Wall Street Zen lowered shares of Telefonica from a “hold” rating to a “sell” rating in a research report on Sunday. BNP Paribas raised shares of Telefonica to a “strong sell” rating in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Telefonica in a report on Thursday, October 30th. Finally, BNP Paribas Exane began coverage on Telefonica in a research report on Tuesday, October 21st. They issued an “underperform” rating and a $4.20 target price on the stock.

Telefonica Stock Down 0.1%

Shares of TEF opened at $4.29 on Friday. The business’s 50 day moving average is $4.96 and its 200 day moving average is $5.15. 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. The company has a market capitalization of $24.30 billion, a PE ratio of -8.93, a price-to-earnings-growth ratio of 0.59 and a beta of 0.48.

Telefonica (NYSE:TEF) last posted its quarterly earnings results on Tuesday, November 4th. The utilities provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The business had revenue of $10.32 billion during the quarter, compared to the consensus estimate of $9 billion. Telefonica had a positive return on equity of 8.57% and a negative net margin of 5.88%. Research analysts expect that Telefonica will post 0.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TEF. National Bank of Canada FI increased its position in Telefonica by 367.7% in the third quarter. National Bank of Canada FI now owns 4,897 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 3,850 shares during the last quarter. Atwood & Palmer Inc. purchased a new position in shares of Telefonica in the 2nd quarter worth $44,000. Momentous Wealth Management Inc. bought a new stake in shares of Telefonica in the 3rd quarter worth about $51,000. Wrapmanager Inc. purchased a new stake in shares of Telefonica during the 2nd quarter valued at about $53,000. Finally, AlphaCore Capital LLC bought a new position in shares of Telefonica in the 2nd quarter valued at about $55,000. 1.14% of the stock is currently owned by 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.