Telefónica (NYSE:TEF) Now Covered by Analysts at Sanford C. Bernstein

Sanford C. Bernstein started coverage on shares of Telefónica (NYSE:TEF) in a research report report published on Tuesday morning, Marketbeat Ratings reports. The firm issued a market perform rating on the utilities provider’s stock.

Separately, StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Telefónica Stock Performance

Shares of TEF stock opened at $4.94 on Tuesday. The firm’s 50 day moving average is $4.56 and its 200 day moving average is $4.41. The stock has a market capitalization of $28.01 billion, a P/E ratio of -19.00 and a beta of 0.43. Telefónica has a 12 month low of $3.89 and a 12 month high of $5.05. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33.

Hedge Funds Weigh In On Telefónica

Several hedge funds have recently bought and sold shares of TEF. Tower Research Capital LLC TRC boosted its holdings in Telefónica by 71.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 2,603 shares during the period. Sanctuary Advisors LLC bought a new stake in Telefónica during the third quarter valued at $45,000. Carrera Capital Advisors bought a new stake in Telefónica during the fourth quarter valued at $47,000. Callan Family Office LLC purchased a new position in Telefónica during the fourth quarter worth about $44,000. Finally, Drive Wealth Management LLC bought a new position in Telefónica in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 1.14% of the company’s stock.

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.