Telefónica (NYSE:TEF) Downgraded by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Telefónica (NYSE:TEF) from a hold rating to a sell rating in a report published on Thursday morning, Marketbeat Ratings reports.

Separately, StockNews.com raised Telefónica from a hold rating to a buy rating in a research report on Saturday, June 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold.

Telefónica Trading Down 0.2 %

TEF opened at $4.35 on Thursday. The firm has a market cap of $25.01 billion, a price-to-earnings ratio of -27.19 and a beta of 0.70. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. Telefónica has a 12 month low of $3.71 and a 12 month high of $4.80. The stock has a fifty day moving average price of $4.45 and a 200-day moving average price of $4.23.

Telefónica (NYSE:TEF) last released its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $11.01 billion during the quarter, compared to analyst estimates of $10.96 billion. Telefónica had a positive return on equity of 7.84% and a negative net margin of 1.57%. As a group, equities research analysts anticipate that Telefónica will post 0.34 earnings per share for the current fiscal year.

Telefónica Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Thursday, July 11th. Investors of record on Tuesday, June 18th will be given a dividend of $0.1628 per share. This represents a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, June 18th. Telefónica’s dividend payout ratio is currently -143.75%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in Telefónica by 171.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 3,590 shares during the last quarter. Russell Investments Group Ltd. grew 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 valued at $26,000 after purchasing an additional 3,135 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Telefónica during the 1st quarter valued at about $34,000. HighPoint Advisor Group LLC purchased a new stake in Telefónica during the 4th quarter valued at about $45,000. Finally, GAMMA Investing LLC grew its stake in Telefónica by 177.6% during the 1st quarter. GAMMA Investing LLC now owns 10,897 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 6,972 shares during the last quarter. 1.14% of the stock is owned by institutional investors and hedge funds.

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.