Telefonica SA (NYSE:TEF) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b” rating in a note issued to investors on Thursday.

TEF has been the subject of several other reports. Zacks Investment Research raised Telefonica SA from a “sell” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Tuesday, February 14th. Bank of America Corp raised Telefonica SA from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 1st. Deutsche Bank AG raised Telefonica SA from a “hold” rating to a “buy” rating and raised their price objective for the stock from $8.50 to $11.40 in a research note on Thursday, March 9th. Barclays PLC lowered Telefonica SA from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 12th. Finally, Goldman Sachs Group Inc raised Telefonica SA from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.69.

Analyst Recommendations for Telefonica SA (NYSE:TEF)

Telefonica SA (NYSE:TEF) opened at 11.26 on Thursday. The stock has a 50 day moving average price of $11.15 and a 200-day moving average price of $10.08. Telefonica SA has a 12-month low of $8.15 and a 12-month high of $11.64. The firm has a market capitalization of $57.00 billion, a PE ratio of 22.25 and a beta of 1.47.

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Large investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in shares of Telefonica SA during the second quarter valued at approximately $108,000. Sei Investments Co. boosted its stake in shares of Telefonica SA by 31.4% in the third quarter. Sei Investments Co. now owns 10,905 shares of the utilities provider’s stock valued at $110,000 after buying an additional 2,607 shares during the period. Johnson Investment Counsel Inc. acquired a new stake in shares of Telefonica SA during the third quarter valued at approximately $112,000. Raymond James Trust N.A. acquired a new stake in shares of Telefonica SA during the first quarter valued at approximately $114,000. Finally, Bellecapital International Ltd. acquired a new stake in shares of Telefonica SA during the second quarter valued at approximately $119,000. 1.26% of the stock is owned by institutional investors and hedge funds.

Telefonica SA Company Profile

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).

12 Month Chart for NYSE:TEF

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