Telefonica SA (NYSE:TEF) – Analysts at Jefferies Group boosted their FY2017 earnings estimates for Telefonica SA in a research note issued on Monday. Jefferies Group analyst J. Dellis now forecasts that the utilities provider will post earnings of $0.84 per share for the year, up from their previous forecast of $0.74. Jefferies Group also issued estimates for Telefonica SA’s FY2018 earnings at $0.98 EPS.

Several other analysts have also recently issued reports on the company. TheStreet upgraded Telefonica SA from a “c” rating to a “b” rating in a report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) upgraded Telefonica SA from a “neutral” rating to a “buy” rating in a report on Wednesday, May 17th. BNP Paribas started coverage on Telefonica SA in a report on Wednesday, May 31st. They issued a “neutral” rating for the company. Zacks Investment Research cut Telefonica SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, BidaskClub upgraded Telefonica SA from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $10.69.

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Telefonica SA (NYSE:TEF) opened at 11.02 on Tuesday. Telefonica SA has a 12-month low of $8.15 and a 12-month high of $11.64. The stock has a market capitalization of $55.78 billion, a price-to-earnings ratio of 20.71 and a beta of 1.32. The company has a 50 day moving average of $10.74 and a 200-day moving average of $10.65.

The business also recently declared a None dividend, which was paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th were given a $0.168 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. Telefonica SA’s dividend payout ratio is currently 98.08%.

A number of large investors have recently bought and sold shares of TEF. Raymond James Trust N.A. acquired a new position in Telefonica SA during the first quarter worth approximately $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 during the last quarter. Fox Run Management L.L.C. acquired a new position in Telefonica SA during the first quarter worth approximately $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 during the last quarter. Finally, Greenleaf Trust acquired a new position in Telefonica SA during the first quarter worth approximately $151,000. 0.93% of the stock is currently owned by institutional investors.

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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