Telefonica SA (NYSE:TEF) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.

TEF has been the topic of a number of other reports. Goldman Sachs Group, Inc. (The) raised shares of Telefonica SA from a “neutral” rating to a “buy” rating in a report on Wednesday, May 17th. Zacks Investment Research downgraded shares of Telefonica SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Barclays PLC downgraded shares of Telefonica SA from an “equal weight” rating to an “underweight” rating in a report on Friday, May 12th. TheStreet raised shares of Telefonica SA from a “c” rating to a “b” rating in a report on Thursday, May 25th. Finally, BNP Paribas initiated coverage on shares of Telefonica SA in a report on Wednesday, May 31st. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $10.69.

Shares of Telefonica SA (TEF) traded up 1.91% during mid-day trading on Thursday, hitting $10.68. 1,317,797 shares of the stock traded hands. The firm has a 50 day moving average of $11.00 and a 200 day moving average of $10.47. Telefonica SA has a 12 month low of $8.15 and a 12 month high of $11.64. The stock has a market cap of $54.06 billion, a price-to-earnings ratio of 20.15 and a beta of 1.32.

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

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A number of institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. boosted its position in Telefonica SA by 11.0% in the first quarter. Macquarie Group Ltd. now owns 6,756,516 shares of the utilities provider’s stock worth $75,605,000 after buying an additional 667,294 shares in the last quarter. Mondrian Investment Partners LTD boosted its position in Telefonica SA by 32.8% in the first quarter. Mondrian Investment Partners LTD now owns 3,575,537 shares of the utilities provider’s stock worth $40,010,000 after buying an additional 884,000 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Telefonica SA by 7.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,738,727 shares of the utilities provider’s stock worth $19,456,000 after buying an additional 124,263 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Telefonica SA by 66.7% in the first quarter. Parametric Portfolio Associates LLC now owns 1,242,151 shares of the utilities provider’s stock worth $13,900,000 after buying an additional 497,190 shares in the last quarter. Finally, UBS Group AG boosted its position in Telefonica SA by 5.8% in the first quarter. UBS Group AG now owns 1,055,165 shares of the utilities provider’s stock worth $11,807,000 after buying an additional 57,407 shares in the last quarter. Institutional investors own 0.93% of the company’s stock.

About Telefonica SA

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).

Analyst Recommendations for Telefonica SA (NYSE:TEF)

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