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

Shares of Telefónica, S.A. (NYSE:TEF) have been given an average recommendation of “Reduce” by the five research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company.

Separately, StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th.

Institutional Trading of Telefónica

Several hedge funds have recently bought and sold shares of the stock. Northern Trust Corp raised its holdings in shares of Telefónica by 30.7% during the fourth quarter. Northern Trust Corp now owns 3,622,588 shares of the utilities provider’s stock worth $14,563,000 after acquiring an additional 851,581 shares during the period. Drum Hill Capital LLC acquired a new stake in shares of Telefónica in the 4th quarter valued at about $2,001,000. First Trust Advisors LP lifted its holdings in shares of Telefónica by 36.7% in the fourth quarter. First Trust Advisors LP now owns 963,584 shares of the utilities provider’s stock valued at $3,874,000 after purchasing an additional 258,489 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Telefónica during the fourth quarter worth about $1,022,000. Finally, Point72 Asset Management L.P. grew its holdings in shares of Telefónica by 274.0% during the third quarter. Point72 Asset Management L.P. now owns 316,566 shares of the utilities provider’s stock worth $1,539,000 after buying an additional 231,919 shares in the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Telefónica Stock Up 0.8 %

Shares of NYSE:TEF opened at $4.62 on Friday. The company has a 50 day moving average price of $4.33 and a two-hundred day moving average price of $4.43. 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 company has a market capitalization of $26.17 billion, a PE ratio of -17.75 and a beta of 0.62. Telefónica has a 52 week low of $3.89 and a 52 week 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.