Telefonica S.A. Given Average Recommendation of “Hold” by Analysts (NYSE:TEF)
Shares of Telefonica S.A. (NYSE:TEF) have been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the stock, American Banking and Market News reports. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $18.00.
Telefonica S.A. (NYSE:TEF) traded down 0.92% during mid-day trading on Monday, hitting $16.24. 146,358 shares of the company’s stock traded hands. Telefonica S.A. has a 52 week low of $12.99 and a 52 week high of $18.05. The stock has a 50-day moving average of $16.8 and a 200-day moving average of $16.18. The company has a market cap of $73.145 billion and a P/E ratio of 12.60.
A number of research firms have recently commented on TEF. Analysts at Zacks reiterated a “neutral” rating on shares of Telefonica S.A. in a research note on Thursday, July 3rd. They now have a $18.00 price target on the stock. Analysts at TheStreet downgraded shares of Telefonica S.A. from a “buy” rating to a “hold” rating in a research note on Friday, May 16th.
Telefonica SA is a Spain-based company active in the telecommunications and digital services sectors.
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