Telefónica, S.A. (NYSE:TEF) Given Consensus Recommendation of “Reduce” by Brokerages

Telefónica, S.A. (NYSE:TEF) has been assigned an average recommendation of “Reduce” from the five research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company.

TEF has been the subject of several recent research reports. HSBC upgraded shares of Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Hsbc Global Res upgraded Telefónica to a “hold” rating in a research note on Wednesday, October 2nd.

Institutional Trading of Telefónica

Institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in Telefónica during the 3rd quarter worth approximately $45,000. Aaron Wealth Advisors LLC purchased a new stake in shares of Telefónica during the second quarter worth approximately $45,000. Abel Hall LLC acquired a new position in Telefónica in the 3rd quarter valued at $53,000. GAMMA Investing LLC lifted its holdings in Telefónica by 92.3% in the 3rd quarter. GAMMA Investing LLC now owns 16,039 shares of the utilities provider’s stock valued at $78,000 after purchasing an additional 7,697 shares in the last quarter. Finally, Decatur Capital Management Inc. acquired a new stake in Telefónica during the 2nd quarter worth $70,000. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Stock Up 0.2 %

Shares of TEF stock opened at $4.04 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. Telefónica has a twelve month low of $3.82 and a twelve month high of $4.93. The stock has a 50 day moving average of $4.50 and a 200 day moving average of $4.52. The stock has a market cap of $22.91 billion, a P/E ratio of -15.54 and a beta of 0.66.

Telefónica Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, January 10th. Shareholders of record on Wednesday, December 18th will be issued a dividend of $0.1576 per share. This represents a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, December 18th. Telefónica’s payout ratio is -84.62%.

Telefónica 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.