Telefónica, S.A. (NYSE:TEF) Given Consensus Recommendation of “Reduce” by Brokerages

Telefónica, S.A. (NYSE:TEF) has been assigned an average rating of “Reduce” from the five ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

TEF has been the topic of several recent research reports. Bank of America downgraded Telefónica from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. HSBC raised shares of Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Hsbc Global Res upgraded shares of Telefónica to a “hold” rating in a research note on Wednesday, October 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its holdings in shares of Telefónica by 113.9% in the first quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock worth $26,000 after buying an additional 3,135 shares in the last quarter. Blair William & Co. IL purchased a new stake in Telefónica in the 1st quarter worth $295,000. O Shaughnessy Asset Management LLC lifted its stake in Telefónica by 21.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 300,304 shares of the utilities provider’s stock worth $1,324,000 after purchasing an additional 52,586 shares in the last quarter. Pitcairn Co. bought a new position in shares of Telefónica during the 1st quarter valued at about $88,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Telefónica by 171.6% during the first 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 in the last quarter. 1.14% of the stock is currently owned by institutional investors.

Telefónica Price Performance

Shares of Telefónica stock opened at $4.45 on Friday. The stock has a market cap of $25.20 billion, a P/E ratio of -17.10 and a beta of 0.67. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. The stock’s fifty day moving average is $4.68 and its 200 day moving average is $4.54. Telefónica has a one year low of $3.82 and a one year high of $4.93.

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.