Telefonica SA (NYSE:TEF) Receives Average Rating of “Strong Sell” from Analysts

Shares of Telefonica SA (NYSE:TEF) have been assigned an average recommendation of “Strong Sell” from the nine analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $4.0150.

A number of brokerages recently issued reports on TEF. Bank of America reaffirmed an “underperform” rating and issued a $3.83 price target on shares of Telefonica in a report on Thursday, December 4th. New Street Research downgraded shares of Telefonica from a “hold” rating to a “reduce” rating in a research report on Wednesday, December 17th. Kepler Capital Markets raised Telefonica from a “strong sell” rating to a “hold” rating in a report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Telefonica in a research report on Monday, December 29th. Finally, Citigroup lowered Telefonica to a “neutral” rating in a report on Monday, December 1st.

Telefonica Stock Performance

NYSE:TEF opened at $3.81 on Monday. Telefonica has a 12 month low of $3.80 and a 12 month high of $5.72. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.84 and a quick ratio of 0.80. The firm has a market capitalization of $21.60 billion, a PE ratio of -9.29, a price-to-earnings-growth ratio of 0.26 and a beta of 0.29. The business’s fifty day moving average price is $3.89 and its 200 day moving average price is $4.56.

Institutional Trading of Telefonica

Several institutional investors and hedge funds have recently made changes to their positions in the stock. National Bank of Canada FI increased its position in Telefonica by 367.7% during the 3rd 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 in the last quarter. Xponance LLC purchased a new position in Telefonica in the fourth quarter valued at approximately $41,000. Tranquilli Financial Advisor LLC acquired a new position in shares of Telefonica during the 4th quarter valued at $43,000. Momentous Wealth Management Inc. acquired a new position in shares of Telefonica during the third quarter worth about $51,000. Finally, Wrapmanager Inc. purchased a new position in Telefonica in the 2nd quarter valued at about $53,000. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

Telefonica Company Profile

Telefónica, SA is a Spanish multinational telecommunications company headquartered in Madrid. Founded in 1924 as Compañía Telefónica Nacional de España, it has grown into one of the world’s largest telecommunications groups. Telefónica provides a broad range of communications services to residential and business customers, including mobile and fixed-line telephony, broadband internet, and pay-TV. The company also develops and sells network infrastructure and related services to support connectivity at scale.

Beyond traditional voice and data services, Telefónica has expanded into digital and IT services aimed at enterprise customers and public-sector clients.