Telefónica, S.A. (NYSE:TEF) Receives Average Recommendation of "Reduce" from Brokerages

Telefónica, S.A. (NYSE:TEF - Get Free Report) has been given an average rating of "Reduce" by the five ratings firms that are currently covering the firm, MarketBeat reports. One equities 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 weighed in on the stock. HSBC upgraded shares of Telefónica from a "reduce" rating to a "hold" rating in a research note on Wednesday, October 2nd. Hsbc Global Res upgraded shares of Telefónica to a "hold" rating in a report on Wednesday, October 2nd. Bank of America downgraded shares of Telefónica from a "buy" rating to a "neutral" rating in a research note on Friday, August 2nd. Finally, StockNews.com upgraded Telefónica from a "hold" rating to a "buy" rating in a research note on Friday, November 8th.

Hedge Funds Weigh In On Telefónica

Several large investors have recently bought and sold shares of TEF. EverSource Wealth Advisors LLC boosted its holdings in shares of Telefónica by 171.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 3,590 shares during the period. Russell Investments Group Ltd. boosted its stake in Telefónica by 113.9% during the 1st quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider's stock worth $26,000 after purchasing an additional 3,135 shares during the period. Aaron Wealth Advisors LLC purchased a new position in Telefónica during the 2nd quarter worth $45,000. Abel Hall LLC acquired a new position in Telefónica in the third quarter valued at $53,000. Finally, Decatur Capital Management Inc. purchased a new stake in shares of Telefónica in the second quarter valued at about $70,000. Institutional investors and hedge funds own 1.14% of the company's stock.

Telefónica Stock Up 0.5 %

NYSE TEF traded up $0.02 during trading hours on Friday, hitting $4.45. 988,497 shares of the company were exchanged, compared to its average volume of 672,809. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. The firm has a market cap of $25.23 billion, a price-to-earnings ratio of -17.12 and a beta of 0.67. The company has a 50 day moving average of $4.68 and a two-hundred day moving average of $4.54. Telefónica has a 52-week low of $3.82 and a 52-week high of $4.93.

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.