Shares of Telefónica, S.A. (NYSE:TEF - Get Free Report) have been given a consensus recommendation of "Reduce" by the five brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company.
A number of analysts have recently commented on TEF shares. HSBC upgraded shares of Telefónica from a "reduce" rating to a "hold" rating in a research note on Wednesday, October 2nd. Hsbc Global Res raised shares of Telefónica to a "hold" rating in a research report on Wednesday, October 2nd. Finally, StockNews.com raised Telefónica from a "hold" rating to a "buy" rating in a report on Thursday, December 12th.
Check Out Our Latest Report on TEF
Hedge Funds Weigh In On Telefónica
Institutional investors and hedge funds have recently bought and sold shares of the stock. Aaron Wealth Advisors LLC bought a new position in shares of Telefónica during the 2nd quarter valued at approximately $45,000. Sanctuary Advisors LLC bought a new stake in shares of Telefónica during the 3rd quarter valued at $45,000. Abel Hall LLC bought a new stake in shares of Telefónica during the 3rd quarter valued at $53,000. Decatur Capital Management Inc. purchased a new position in shares of Telefónica during the 2nd quarter valued at $70,000. Finally, Forum Financial Management LP bought a new position in Telefónica in the 2nd quarter worth $75,000. 1.14% of the stock is currently owned by hedge funds and other institutional investors.
Telefónica Stock Performance
Shares of NYSE:TEF traded down $0.22 during midday trading on Wednesday, reaching $4.08. 967,680 shares of the company's stock traded hands, compared to its average volume of 689,968. 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 one year low of $3.82 and a one year high of $4.93. The company has a market cap of $23.13 billion, a price-to-earnings ratio of -15.69 and a beta of 0.66. The stock has a 50 day moving average of $4.54 and a 200 day moving average of $4.54.
Telefónica Cuts Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, January 10th. Shareholders of record on Wednesday, December 18th will be issued a dividend of $0.1576 per share. The ex-dividend date is Wednesday, December 18th. This represents a yield of 5.2%. Telefónica's dividend payout ratio is currently -84.62%.
Telefónica Company Profile
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Get Free ReportTelefónica, 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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