Telefonica SA (NYSE:TEF) Given Average Recommendation of “Reduce” by Analysts

Shares of Telefonica SA (NYSE:TEF) have been assigned an average recommendation of “Reduce” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $4.1150.

Several analysts have recently issued reports on the company. New Street Research cut Telefonica from a “reduce” rating to a “sell” rating in a report on Friday, August 21st. BNP Paribas Exane raised shares of Telefonica to a “neutral” rating and set a $4.40 target price for the company in a report on Wednesday, September 9th.

Hedge Funds Weigh In On Telefonica

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in shares of Telefonica by 105.6% in the 2nd quarter. GAMMA Investing LLC now owns 11,352 shares of the utilities provider’s stock worth $45,000 after buying an additional 5,831 shares during the last quarter. Choate Investment Advisors bought a new position in shares of Telefonica in the 4th quarter valued at about $59,000. Flputnam Investment Management Co. bought a new position in shares of Telefonica in the 4th quarter valued at about $61,000. Rockefeller Capital Management L.P. grew its position in Telefonica by 178.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 15,732 shares of the utilities provider’s stock worth $64,000 after acquiring an additional 10,075 shares in the last quarter. Finally, Cozad Asset Management Inc. increased its stake in Telefonica by 11.2% during the first quarter. Cozad Asset Management Inc. now owns 36,638 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 3,684 shares during the last quarter. 1.14% of the stock is owned by hedge funds and other institutional investors.

Telefonica Stock Performance

NYSE TEF opened at $3.81 on Tuesday. The stock has a market capitalization of $21.60 billion, a PE ratio of -9.29, a P/E/G ratio of 0.26 and a beta of 0.29. The business has a 50 day simple moving average of $3.81 and a two-hundred day simple moving average of $3.81. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.84 and a quick ratio of 0.80. Telefonica has a 1-year low of $3.80 and a 1-year high of $5.72.

About Telefonica

Telefónica, SA is a Spanish telecommunications company that provides fixed-line and mobile communications, broadband internet, television, and digital services. Its offerings also include fiber-optic connectivity, cloud computing, cybersecurity, Internet of Things solutions, and other information and communications technology services for consumers, businesses, and public-sector organizations.

Founded in 1924 and headquartered in Madrid, Telefónica is one of Europe’s established telecommunications operators.