Telefonica S.A. (NYSE:TEF) was upgraded by research analysts at Goldman Sachs Group Inc from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday, The Fly reports.

TEF has been the topic of a number of other reports. Zacks Investment Research cut Telefonica from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Barclays PLC cut Telefonica from an “equal weight” rating to an “underweight” rating in a report on Friday, May 12th. Deutsche Bank AG raised Telefonica from a “hold” rating to a “buy” rating and raised their price objective for the company from $8.50 to $11.40 in a report on Thursday, March 9th. Finally, Bank of America Corp raised Telefonica from a “neutral” rating to a “buy” rating in a report on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.54.

Analyst Recommendations for Telefonica (NYSE:TEF)

Telefonica (NYSE:TEF) traded down 2.58% on Wednesday, reaching $10.93. The company’s stock had a trading volume of 1,660,454 shares. Telefonica has a 52-week low of $8.15 and a 52-week high of $11.64. The firm has a market cap of $53.52 billion, a PE ratio of 24.02 and a beta of 1.47. The stock’s 50 day moving average price is $11.14 and its 200 day moving average price is $10.02.

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A number of institutional investors have recently bought and sold shares of the company. Terra Nova Asset Management raised its stake in shares of Telefonica by 27.8% in the third quarter. Terra Nova Asset Management now owns 32,320 shares of the utilities provider’s stock worth $389,000 after buying an additional 7,040 shares in the last quarter. Mondrian Investment Partners raised its stake in shares of Telefonica by 2.9% in the fourth quarter. Mondrian Investment Partners now owns 2,352,541 shares of the utilities provider’s stock worth $26,019,000 after buying an additional 67,159 shares in the last quarter. Capstone Asset Management Company raised its stake in shares of Telefonica by 0.9% in the fourth quarter. Capstone Asset Management Company now owns 585,027 shares of the utilities provider’s stock worth $6,470,000 after buying an additional 5,289 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Telefonica during the fourth quarter worth $349,000. Finally, World Asset Management Inc raised its stake in shares of Telefonica by 2.3% in the fourth quarter. World Asset Management Inc now owns 261,163 shares of the utilities provider’s stock worth $2,888,000 after buying an additional 5,945 shares in the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.

About Telefonica

Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

5 Day Chart for NYSE:TEF

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