Telefonica (TEF) Upgraded at ValuEngine

ValuEngine upgraded shares of Telefonica (NYSE:TEF) from a sell rating to a hold rating in a report issued on Wednesday, ValuEngine reports.

Other research analysts have also issued research reports about the stock. UBS Group restated a buy rating on shares of Telefonica in a research report on Wednesday, January 16th. DZ Bank upgraded shares of Telefonica from a hold rating to a buy rating in a research report on Tuesday, May 14th. Zacks Investment Research upgraded shares of Telefonica from a sell rating to a buy rating and set a $9.75 target price on the stock in a research report on Tuesday, February 5th. Berenberg Bank restated a hold rating on shares of Telefonica in a research report on Tuesday, March 19th. Finally, Goldman Sachs Group restated a hold rating on shares of Telefonica in a research report on Tuesday, February 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $9.75.

Shares of NYSE:TEF opened at $7.98 on Wednesday. Telefonica has a 12-month low of $7.70 and a 12-month high of $9.40. The company has a market cap of $41.43 billion, a price-to-earnings ratio of 8.40 and a beta of 0.67. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 1.83.

Several large investors have recently made changes to their positions in the business. Legacy Financial Advisors Inc. boosted its position in shares of Telefonica by 83.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 2,933 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 1,333 shares in the last quarter. Zions Bancorporation N.A. acquired a new stake in shares of Telefonica during the 1st quarter worth approximately $28,000. Cresset Asset Management LLC acquired a new stake in shares of Telefonica during the 1st quarter worth approximately $29,000. Proficio Capital Partners LLC boosted its position in shares of Telefonica by 69.0% during the 4th quarter. Proficio Capital Partners LLC now owns 3,552 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 1,450 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Telefonica during the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 0.97% of the company’s stock.

About Telefonica

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.

Further Reading: Quick Ratio

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Analyst Recommendations for Telefonica (NYSE:TEF)

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