Telefónica (NYSE:TEF – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.
Several other analysts also recently commented on the stock. Bank of America downgraded shares of Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. New Street Research downgraded shares of Telefónica from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Telefónica from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th.
Check Out Our Latest Analysis on Telefónica
Telefónica Stock Up 0.2 %
Telefónica (NYSE:TEF – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. Telefónica had a negative net margin of 1.62% and a positive return on equity of 9.18%. The firm had revenue of $11.04 billion during the quarter, compared to the consensus estimate of $10.85 billion. On average, equities analysts predict that Telefónica will post 0.34 EPS for the current fiscal year.
Hedge Funds Weigh In On Telefónica
A number of large investors have recently bought and sold shares of TEF. Nia Impact Advisors LLC acquired a new position in shares of Telefónica during the 2nd quarter worth $3,645,000. Natixis Advisors LLC grew its stake in shares of Telefónica by 81.2% during the 2nd quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock worth $2,933,000 after purchasing an additional 312,113 shares during the period. Morningstar Investment Services LLC grew its stake in shares of Telefónica by 101.0% during the 4th quarter. Morningstar Investment Services LLC now owns 197,962 shares of the utilities provider’s stock worth $774,000 after purchasing an additional 99,488 shares during the period. Blair William & Co. IL acquired a new position in shares of Telefónica during the 1st quarter worth $295,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Telefónica by 131.4% during the 1st quarter. BNP Paribas Financial Markets now owns 99,812 shares of the utilities provider’s stock worth $440,000 after purchasing an additional 56,683 shares during the period. Hedge funds and other institutional investors own 1.14% of the company’s stock.
Telefónica Company Profile
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.
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