Telefonica (TEF) Upgraded to Outperform by Citigroup

Telefonica (NYSE:TEF) was upgraded by equities research analysts at Citigroup to an “outperform” rating in a note issued to investors on Wednesday, The Fly reports. The analysts noted that the move was a valuation call.

TEF has been the subject of several other research reports. Zacks Investment Research upgraded shares of Telefonica from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Monday, October 16th. ValuEngine upgraded shares of Telefonica from a “hold” rating to a “buy” rating in a report on Monday, November 20th. Berenberg Bank upgraded shares of Telefonica from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Barclays upgraded shares of Telefonica from an “underweight” rating to an “equal weight” rating in a report on Friday, October 20th. Finally, Sanford C. Bernstein cut shares of Telefonica from a “market perform” rating to an “underperform” rating in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $11.70.

Telefonica (NYSE:TEF) opened at $10.12 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.79. Telefonica has a twelve month low of $9.37 and a twelve month high of $11.64. The company has a market cap of $50,126.15, a P/E ratio of 20.24 and a beta of 1.30.

Telefonica (NYSE:TEF) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.23 EPS for the quarter. Telefonica had a net margin of 4.95% and a return on equity of 29.25%. equities analysts forecast that Telefonica will post 0.86 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of TEF. Arrowstreet Capital Limited Partnership lifted its position in shares of Telefonica by 244.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,234,111 shares of the utilities provider’s stock worth $54,382,000 after buying an additional 3,713,751 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Telefonica during the 3rd quarter worth approximately $4,476,000. Parametric Portfolio Associates LLC lifted its position in shares of Telefonica by 18.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,769,565 shares of the utilities provider’s stock worth $19,094,000 after buying an additional 280,112 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Telefonica by 387.4% during the 3rd quarter. Jane Street Group LLC now owns 300,927 shares of the utilities provider’s stock worth $3,247,000 after buying an additional 239,185 shares during the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in shares of Telefonica during the 2nd quarter worth approximately $2,337,000. Institutional investors and hedge funds own 0.91% of the company’s stock.

WARNING: “Telefonica (TEF) Upgraded to Outperform by Citigroup” was originally published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://transcriptdaily.com/2018/01/17/telefonica-tef-upgraded-to-outperform-by-citigroup.html.

About Telefonica

Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

The Fly

Analyst Recommendations for Telefonica (NYSE:TEF)

Receive News & Ratings for Telefonica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonica and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply