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

Telefónica, S.A. (NYSE:TEF - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the five ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

Separately, StockNews.com upgraded Telefónica from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th.

Telefónica Stock Performance

Shares of TEF traded up $0.05 during trading hours on Friday, hitting $4.71. The stock had a trading volume of 668,551 shares, compared to its average volume of 678,184. The firm has a market capitalization of $26.68 billion, a PE ratio of -18.10 and a beta of 0.62. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81. Telefónica has a 12 month low of $3.89 and a 12 month high of $4.93. The stock has a fifty day moving average price of $4.36 and a 200 day moving average price of $4.43.

Hedge Funds Weigh In On Telefónica

Institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in Telefónica by 8.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 308,396 shares of the utilities provider's stock worth $1,499,000 after buying an additional 24,854 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Telefónica by 79.0% during the 3rd quarter. Cerity Partners LLC now owns 322,692 shares of the utilities provider's stock valued at $1,568,000 after acquiring an additional 142,451 shares during the period. FMR LLC increased its holdings in Telefónica by 8.3% in the 3rd quarter. FMR LLC now owns 1,898,978 shares of the utilities provider's stock worth $9,229,000 after acquiring an additional 146,259 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Telefónica by 78.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 173,860 shares of the utilities provider's stock worth $845,000 after acquiring an additional 76,657 shares during the period. Finally, Townsquare Capital LLC lifted its holdings in Telefónica by 21.8% during the third quarter. Townsquare Capital LLC now owns 48,913 shares of the utilities provider's stock valued at $238,000 after purchasing an additional 8,751 shares in the last quarter. 1.14% of the stock is owned by institutional investors.

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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.