Telefonica (TEF) Rating Lowered to Sell at ValuEngine

Telefonica (NYSE:TEF) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Monday, April 1st, ValuEngine reports.

TEF has been the subject of a number of other reports. Zacks Investment Research cut Telefonica from a “hold” rating to a “sell” rating in a report on Monday, January 14th. Citigroup upgraded Telefonica to a “buy” rating in a report on Friday, December 14th. TheStreet raised Telefonica from a “c+” rating to a “b-” rating in a research report on Monday, December 17th. Macquarie lowered Telefonica from an “outperform” rating to a “neutral” rating in a research report on Wednesday, March 20th. Finally, Goldman Sachs Group reaffirmed a “hold” rating on shares of Telefonica in a research report on Tuesday, February 26th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Telefonica currently has a consensus rating of “Hold” and an average price target of $9.75.

Shares of NYSE TEF traded down $0.13 during mid-day trading on Monday, reaching $8.16. 2,319,840 shares of the company’s stock were exchanged, compared to its average volume of 1,703,915. Telefonica has a 52-week low of $7.70 and a 52-week high of $10.22. The stock has a market cap of $42.60 billion, a PE ratio of 8.59 and a beta of 0.68. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 1.68.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TEF. Legacy Financial Advisors Inc. grew its stake in shares of Telefonica by 83.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,933 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 1,333 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of Telefonica by 69.0% in the 4th quarter. Proficio Capital Partners LLC now owns 3,552 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 1,450 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Telefonica in the 3rd quarter valued at approximately $88,000. Quadrant Capital Group LLC grew its stake in shares of Telefonica by 287.9% in the 4th quarter. Quadrant Capital Group LLC now owns 13,839 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 10,271 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Telefonica by 18.7% in the fourth quarter. Creative Planning now owns 13,761 shares of the utilities provider’s stock valued at $116,000 after buying an additional 2,169 shares in the last quarter. 0.97% of the stock is currently owned by institutional investors.

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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