Telefonica (NYSE:TEF) Given Sell (D+) Rating at Weiss Ratings

Weiss Ratings restated their sell (d+) rating on shares of Telefonica (NYSE:TEF) in a report issued on Thursday,Weiss Ratings reports.

A number of other research analysts also recently issued reports on TEF. BNP Paribas Exane initiated coverage on shares of Telefonica in a research note on Tuesday, October 21st. They issued an “underperform” rating and a $4.20 price target for the company. BNP Paribas upgraded shares of Telefonica to a “strong sell” rating in a research note on Tuesday, October 21st. Two analysts have rated the stock with a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Telefonica currently has an average rating of “Strong Sell” and an average target price of $4.20.

Telefonica Price Performance

Shares of NYSE TEF opened at $5.13 on Thursday. Telefonica has a 1-year low of $3.89 and a 1-year high of $5.72. The stock’s 50-day moving average is $5.21 and its two-hundred day moving average is $5.20. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.85 and a quick ratio of 0.81. The company has a market cap of $29.06 billion, a price-to-earnings ratio of -10.68, a price-to-earnings-growth ratio of 0.59 and a beta of 0.49.

Telefonica (NYSE:TEF) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. Telefonica had a negative net margin of 5.88% and a positive return on equity of 8.57%. The company had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $9.03 billion. Analysts forecast that Telefonica will post 0.3 EPS for the current fiscal year.

Institutional Trading of Telefonica

Several institutional investors have recently modified their holdings of the stock. Vest Financial LLC purchased a new stake in shares of Telefonica during the 3rd quarter worth approximately $169,000. Dynasty Wealth Management LLC acquired a new stake in shares of Telefonica in the 3rd quarter valued at about $242,000. Sterling Investment Management LLC acquired a new stake in shares of Telefonica in the 3rd quarter valued at about $846,000. Diversified Trust Co acquired a new stake in shares of Telefonica in the 3rd quarter valued at about $280,000. Finally, Ethic Inc. boosted its position in shares of Telefonica by 16.6% in the 3rd quarter. Ethic Inc. now owns 495,689 shares of the utilities provider’s stock valued at $2,518,000 after purchasing an additional 70,706 shares during the period. Hedge funds and other institutional investors own 1.14% of the company’s stock.

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.