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Telefonica SA (NYSE:TEF) was upgraded by investment analysts at Raymond James from an “underperform” rating to a “market perform” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.

Telefonica SA (NYSE:TEF) traded up 1.51% on Tuesday, hitting $16.82. 791,326 shares of the company’s stock traded hands. Telefonica SA has a 52 week low of $12.31 and a 52 week high of $18.05. The stock has a 50-day moving average of $16. and a 200-day moving average of $15.35. The company has a market cap of $75.993 billion and a price-to-earnings ratio of 16.01.

Telefonica SA (NYSE:TEF) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.32 earnings per share (EPS) for the quarter. On average, analysts predict that Telefonica SA will post $1.42 earnings per share for the current fiscal year.

TEF has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Telefonica SA in a research note to investors on Wednesday, January 8th. They now have a $17.00 price target on the stock. Separately, analysts at BNP Paribas downgraded shares of Telefonica SA from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, December 6th. Finally, analysts at Macquarie downgraded shares of Telefonica SA from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, December 2nd. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Telefonica SA has a consensus rating of “Hold” and a consensus target price of $59.50.

Telefonica SA is a Spain-based company active in the telecommunications and digital services sectors.

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