Telefónica (NYSE:TEF) Coverage Initiated by Analysts at Sanford C. Bernstein

Stock analysts at Sanford C. Bernstein assumed coverage on shares of Telefónica (NYSE:TEF - Get Free Report) in a research report issued on Tuesday,Briefing.com Automated Import reports. The firm set a "market perform" rating on the utilities provider's stock.

Separately, StockNews.com raised shares of 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 issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold".

Telefónica Stock Performance

NYSE:TEF opened at $5.02 on Tuesday. The stock has a 50-day moving average price of $4.55 and a 200 day moving average price of $4.41. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. Telefónica has a 12-month low of $3.89 and a 12-month high of $5.05. The stock has a market capitalization of $28.46 billion, a P/E ratio of -19.31 and a beta of 0.43.

Institutional Investors Weigh In On Telefónica

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEF. Clarius Group LLC purchased a new stake in Telefónica during the 1st quarter valued at $55,000. Five Oceans Advisors bought a new position in Telefónica during the first quarter valued at $107,000. First Affirmative Financial Network lifted its holdings in shares of Telefónica by 23.0% in the 1st quarter. First Affirmative Financial Network now owns 147,559 shares of the utilities provider's stock worth $688,000 after acquiring an additional 27,638 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Telefónica by 6.2% during the 1st quarter. Rhumbline Advisers now owns 100,249 shares of the utilities provider's stock worth $467,000 after purchasing an additional 5,829 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Telefónica by 282.9% during the 1st quarter. GAMMA Investing LLC now owns 72,649 shares of the utilities provider's stock valued at $339,000 after purchasing an additional 53,674 shares during the last quarter. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

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.

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