Telefonica SA Rating Increased to Buy at TheStreet (TEF)
Telefonica SA (NYSE:TEF) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Wednesday, American Banking News 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, solid stock price performance, attractive valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Telefonica SA (NYSE:TEF) opened at 16.88 on Wednesday. Telefonica SA has a 1-year low of $12.31 and a 1-year high of $18.05. The stock has a 50-day moving average of $16.42 and a 200-day moving average of $14.51. The company has a market cap of $76.430 billion and a P/E ratio of 15.09.
Several other analysts have also recently commented on the stock. 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 analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. Telefonica SA 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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