Telefónica, S.A. (NYSE:TEF) Given Consensus Rating of "Reduce" by Analysts

Shares of Telefónica, S.A. (NYSE:TEF - Get Free Report) have earned a consensus recommendation of "Reduce" from the five brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company.

A number of analysts recently issued reports on the stock. Bank of America lowered shares of Telefónica from a "buy" rating to a "neutral" rating in a research note on Friday, August 2nd. StockNews.com lowered shares of Telefónica from a "buy" rating to a "hold" rating in a research note on Saturday, October 12th. Hsbc Global Res upgraded Telefónica to a "hold" rating in a research note on Wednesday, October 2nd. HSBC raised Telefónica from a "reduce" rating to a "hold" rating in a report on Wednesday, October 2nd. Finally, New Street Research downgraded Telefónica from a "strong-buy" rating to a "hold" rating in a report on Friday, July 5th.

Telefónica Stock Up 0.2 %

Shares of Telefónica stock traded up $0.01 during trading hours on Tuesday, hitting $4.66. 356,263 shares of the company's stock traded hands, compared to its average volume of 677,902. Telefónica has a twelve month low of $3.75 and a twelve month high of $4.93. The company has a market cap of $26.42 billion, a PE ratio of -29.19 and a beta of 0.67. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.37. The stock has a 50 day simple moving average of $4.72 and a 200-day simple moving average of $4.53.

Telefónica (NYSE:TEF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. The firm had revenue of $11.04 billion during the quarter, compared to analyst estimates of $10.85 billion. Equities research analysts anticipate that Telefónica will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Telefónica

A number of large investors have recently bought and sold shares of TEF. Allspring Global Investments Holdings LLC bought a new stake in Telefónica in the first quarter valued at $34,000. BNP Paribas Financial Markets lifted its position in Telefónica by 131.4% in the 1st quarter. BNP Paribas Financial Markets now owns 99,812 shares of the utilities provider's stock valued at $440,000 after purchasing an additional 56,683 shares during the last quarter. Callan Capital LLC boosted its stake in Telefónica by 39.0% during the 1st quarter. Callan Capital LLC now owns 23,560 shares of the utilities provider's stock valued at $104,000 after purchasing an additional 6,611 shares during the period. Catalina Capital Group LLC bought a new position in Telefónica in the 1st quarter worth about $83,000. Finally, Gallacher Capital Management LLC increased its stake in shares of Telefónica by 6.9% in the first quarter. Gallacher Capital Management LLC now owns 93,158 shares of the utilities provider's stock valued at $411,000 after purchasing an additional 5,998 shares during the period. Institutional investors own 1.14% of the company's stock.

About Telefónica

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.