Analysts Set Telefonica SA (NYSE:TEF) PT at $4.20

Shares of Telefonica SA (NYSE:TEF) have been assigned an average rating of “Strong Sell” from the six brokerages that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $4.20.

A number of equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Telefonica from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Telefonica in a research report on Wednesday. BNP Paribas Exane assumed coverage on Telefonica in a research report on Tuesday, October 21st. They set an “underperform” rating and a $4.20 target price on the stock. Finally, BNP Paribas upgraded Telefonica to a “strong sell” rating in a report on Tuesday, October 21st.

Telefonica Stock Performance

Shares of TEF stock opened at $4.19 on Friday. The stock has a market capitalization of $23.76 billion, a PE ratio of -8.73, a PEG ratio of 0.59 and a beta of 0.48. The business’s 50 day simple moving average is $4.86 and its 200 day simple moving average is $5.13. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.85 and a quick ratio of 0.81. Telefonica has a one year low of $3.89 and a one year high of $5.72.

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

Telefonica Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 17th will be paid a $0.1731 dividend. The ex-dividend date is Wednesday, December 17th. This represents a dividend yield of 827.0%. Telefonica’s payout ratio is currently -60.98%.

Institutional Investors Weigh In On Telefonica

Large investors have recently bought and sold shares of the stock. National Bank of Canada FI raised its holdings in shares of Telefonica by 367.7% during the third quarter. National Bank of Canada FI now owns 4,897 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 3,850 shares during the period. Atwood & Palmer Inc. bought a new stake in Telefonica in the 2nd quarter valued at about $44,000. Momentous Wealth Management Inc. acquired a new position in Telefonica during the 1st quarter worth approximately $50,000. Wrapmanager Inc. bought a new position in Telefonica in the second quarter worth approximately $53,000. Finally, AlphaCore Capital LLC acquired a new stake in Telefonica in the second quarter valued at approximately $55,000. 1.14% of the stock is currently owned by institutional investors and hedge funds.

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.