Telefónica (NYSE:TEF) Sees Unusually-High Trading Volume - Still a Buy?

Telefónica, S.A. (NYSE:TEF - Get Free Report) shares saw strong trading volume on Tuesday . 1,413,706 shares changed hands during mid-day trading, an increase of 109% from the previous session's volume of 677,856 shares.The stock last traded at $4.66 and had previously closed at $4.65.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Bank of America cut Telefónica from a "buy" rating to a "neutral" rating in a report on Friday, August 2nd. Hsbc Global Res upgraded Telefónica to a "hold" rating in a report on Wednesday, October 2nd. HSBC upgraded Telefónica from a "reduce" rating to a "hold" rating in a report on Wednesday, October 2nd. Finally, StockNews.com cut Telefónica from a "buy" rating to a "hold" rating in a research note on Saturday, October 12th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Telefónica Price Performance

The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.81. The business has a 50 day simple moving average of $4.73 and a 200 day simple moving average of $4.54. The company has a market capitalization of $26.37 billion, a price-to-earnings ratio of -29.13 and a beta of 0.67.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TEF. Nia Impact Advisors LLC acquired a new position in Telefónica during the second quarter worth $3,645,000. Natixis Advisors LLC increased its position in shares of Telefónica by 81.2% during the second quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider's stock worth $2,933,000 after acquiring an additional 312,113 shares during the period. Blair William & Co. IL purchased a new stake in shares of Telefónica during the first quarter worth $295,000. BNP Paribas Financial Markets increased its position in shares of Telefónica by 131.4% during the first quarter. BNP Paribas Financial Markets now owns 99,812 shares of the utilities provider's stock worth $440,000 after acquiring an additional 56,683 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Telefónica by 21.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 300,304 shares of the utilities provider's stock worth $1,324,000 after acquiring an additional 52,586 shares during the period. 1.14% of the stock is currently owned by institutional investors and hedge funds.

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.

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