Brokerages Set Telefonica S.A. (NYSE:TEF) PT at $5.00

Shares of Telefonica S.A. (NYSE:TEF) have been given an average rating of “Hold” by the fifteen brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $5.00.

TEF has been the topic of a number of recent research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Telefonica in a research note on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Telefonica in a research note on Monday, July 27th. Barclays reaffirmed an “equal weight” rating on shares of Telefonica in a research note on Monday, August 3rd. Zacks Investment Research lowered Telefonica from a “buy” rating to a “hold” rating and set a $5.00 target price on the stock. in a research note on Friday, July 17th. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of Telefonica in a research note on Tuesday, August 4th.

Shares of NYSE:TEF traded down $0.04 during trading on Friday, hitting $3.62. 1,350,408 shares of the stock were exchanged, compared to its average volume of 1,729,070. The company has a fifty day moving average price of $3.74 and a two-hundred day moving average price of $4.41. The company has a market cap of $18.80 billion, a PE ratio of -362.00, a P/E/G ratio of 0.46 and a beta of 0.69. The company has a current ratio of 1.19, a quick ratio of 1.14 and a debt-to-equity ratio of 2.50. Telefonica has a 12-month low of $3.38 and a 12-month high of $8.06.

Telefonica (NYSE:TEF) last posted its earnings results on Thursday, July 30th. The utilities provider reported $0.13 earnings per share (EPS) for the quarter. Telefonica had a return on equity of 12.65% and a net margin of 0.39%. The firm had revenue of $11.38 billion for the quarter. Equities research analysts anticipate that Telefonica will post 0.47 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Two Sigma Advisers LP raised its holdings in Telefonica by 16.1% in the 1st quarter. Two Sigma Advisers LP now owns 79,500 shares of the utilities provider’s stock valued at $363,000 after acquiring an additional 11,000 shares during the last quarter. Clarius Group LLC increased its holdings in shares of Telefonica by 71.3% during the 3rd quarter. Clarius Group LLC now owns 44,334 shares of the utilities provider’s stock worth $153,000 after buying an additional 18,454 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Telefonica by 55.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 2,959,315 shares of the utilities provider’s stock worth $13,524,000 after buying an additional 1,050,340 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Telefonica during the 1st quarter worth $149,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Telefonica by 29.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,185,032 shares of the utilities provider’s stock worth $15,352,000 after buying an additional 731,357 shares during the last quarter. Institutional investors own 0.94% of the company’s stock.

Telefonica Company Profile

Telefónica, SA provides mobile and fixed communication services primarily in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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Analyst Recommendations for Telefonica (NYSE:TEF)

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