Telefónica, S.A. (NYSE:TEF – Get Rating) has been assigned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $4.44.
TEF has been the subject of several research analyst reports. New Street Research cut Telefónica from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 19th. Credit Suisse Group cut their price objective on Telefónica from €4.80 ($4.95) to €4.68 ($4.82) and set a “neutral” rating for the company in a research report on Monday, May 23rd. Barclays cut their price objective on Telefónica from €4.60 ($4.74) to €4.50 ($4.64) in a research report on Thursday, July 14th. JPMorgan Chase & Co. cut their price objective on Telefónica from €4.10 ($4.23) to €3.50 ($3.61) and set an “underweight” rating for the company in a research report on Wednesday, June 29th. Finally, StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a report on Thursday, July 7th.
Telefónica Price Performance
Telefónica stock opened at $4.43 on Friday. Telefónica has a 12 month low of $4.10 and a 12 month high of $5.39. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.92 and a quick ratio of 0.85. The business has a 50 day simple moving average of $4.80 and a 200-day simple moving average of $4.81. The stock has a market capitalization of $25.58 billion, a PE ratio of 55.38, a price-to-earnings-growth ratio of 0.87 and a beta of 0.48.
Telefónica Cuts Dividend
The company also recently announced a semi-annual dividend, which was paid on Monday, June 27th. Shareholders of record on Thursday, June 2nd were issued a $0.103 dividend. This represents a yield of 4.05%. The ex-dividend date of this dividend was Wednesday, June 1st. Telefónica’s dividend payout ratio (DPR) is 250.03%.
Institutional Trading of Telefónica
Large investors have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC boosted its stake in shares of Telefónica by 350.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 7,320 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 5,695 shares during the last quarter. National Bank of Canada FI acquired a new stake in shares of Telefónica during the fourth quarter valued at $39,000. UMB Bank N A MO acquired a new stake in shares of Telefónica during the fourth quarter valued at $40,000. Roosevelt Investment Group LLC acquired a new stake in shares of Telefónica during the fourth quarter valued at $44,000. Finally, Pendal Group Ltd acquired a new stake in shares of Telefónica during the first quarter valued at $48,000. Institutional investors and hedge funds own 6.25% of the company’s stock.
Telefónica, SA, together with its subsidiaries, provides telecommunications services 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.
- Get a free copy of the StockNews.com research report on Telefónica (TEF)
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