Telefonica SA (NYSE:TEF) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

A number of other brokerages have also issued reports on TEF. TheStreet raised Telefonica SA from a “c” rating to a “b” rating in a research report on Thursday, May 25th. BNP Paribas assumed coverage on Telefonica SA in a research report on Wednesday, May 31st. They issued a “neutral” rating on the stock. Zacks Investment Research lowered Telefonica SA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) raised Telefonica SA from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 17th. Finally, Barclays PLC lowered Telefonica SA from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 12th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $10.59.

Telefonica SA (NYSE TEF) traded up 0.39% during trading on Friday, reaching $10.34. The company’s stock had a trading volume of 1,046,573 shares. The stock’s 50 day moving average is $11.00 and its 200-day moving average is $10.47. The firm has a market cap of $52.34 billion, a P/E ratio of 20.00 and a beta of 1.32. Telefonica SA has a 52 week low of $8.15 and a 52 week high of $11.64.

The business also recently declared a dividend, which was paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th were paid a $0.168 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. Telefonica SA’s dividend payout ratio is 98.08%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of TEF. Raymond James Trust N.A. bought a new position in Telefonica SA during the first quarter worth $114,000. Sei Investments Co. increased its position in Telefonica SA by 43.9% in the first quarter. Sei Investments Co. now owns 10,898 shares of the utilities provider’s stock worth $122,000 after buying an additional 3,327 shares in the last quarter. Fox Run Management L.L.C. bought a new position in Telefonica SA during the first quarter worth $139,000. Private Advisor Group LLC increased its position in Telefonica SA by 16.0% in the first quarter. Private Advisor Group LLC now owns 13,379 shares of the utilities provider’s stock worth $148,000 after buying an additional 1,842 shares in the last quarter. Finally, Greenleaf Trust bought a new position in Telefonica SA during the first quarter worth $151,000. Hedge funds and other institutional investors own 0.93% of the company’s stock.

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).

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Analyst Recommendations for Telefonica SA (NYSE:TEF)

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