Telefonica SA Upgraded to “Buy” at TheStreet (TEF)
Telefonica SA (NYSE:TEF) was upgraded by equities research analysts at TheStreet from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, StockRatingsNetwork.com reports.
The analysts wrote, “Telefonica (TEF) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Shares of Telefonica SA (NYSE:TEF) traded down 0.96% on Tuesday, hitting $17.52. 1,396,479 shares of the company’s stock traded hands. Telefonica SA has a 52 week low of $12.31 and a 52 week high of $15.14. The stock’s 50-day moving average is $14.26 and its 200-day moving average is $13.87. The company has a market cap of $79.328 billion and a P/E ratio of 15.71.
A number of other analysts have also recently weighed in on TEF. Analysts at Zacks reiterated a “neutral” rating on shares of Telefonica SA in a research note to investors on Tuesday, October 8th. They now have a $17.00 price target on the stock. Analysts at Citigroup Inc. downgraded shares of Telefonica SA from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $59.50.
Telefonica SA is a Spain-based company active in the telecommunications and digital services sectors.
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