Telefónica (NYSE:TEF - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Tuesday.
Telefónica Price Performance
Shares of NYSE TEF traded down $0.06 during mid-day trading on Tuesday, hitting $4.40. 914,685 shares of the stock were exchanged, compared to its average volume of 671,028. The company has a market cap of $24.92 billion, a P/E ratio of -16.90 and a beta of 0.68. The stock's fifty day simple moving average is $4.11 and its two-hundred day simple moving average is $4.43. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. Telefónica has a twelve month low of $3.89 and a twelve month high of $4.93.
Institutional Trading of Telefónica
A number of hedge funds and other institutional investors have recently modified their holdings of TEF. Northern Trust Corp increased its holdings in shares of Telefónica by 30.7% in the fourth quarter. Northern Trust Corp now owns 3,622,588 shares of the utilities provider's stock valued at $14,563,000 after purchasing an additional 851,581 shares in the last quarter. Drum Hill Capital LLC acquired a new stake in shares of Telefónica in the fourth quarter valued at approximately $2,001,000. First Trust Advisors LP increased its holdings in shares of Telefónica by 36.7% in the fourth quarter. First Trust Advisors LP now owns 963,584 shares of the utilities provider's stock valued at $3,874,000 after purchasing an additional 258,489 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Telefónica in the fourth quarter valued at approximately $1,022,000. Finally, Point72 Asset Management L.P. increased its holdings in shares of Telefónica by 274.0% in the third quarter. Point72 Asset Management L.P. now owns 316,566 shares of the utilities provider's stock valued at $1,539,000 after purchasing an additional 231,919 shares in the last quarter. Institutional investors and hedge funds own 1.14% of the company's stock.
Telefónica Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Telefónica, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Telefónica wasn't on the list.
While Telefónica currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
