Telefonica SA (NYSE:TEF) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of Telefonica SA from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 27th. ValuEngine raised shares of Telefonica SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 7th. BNP Paribas started coverage on shares of Telefonica SA in a research note on Wednesday, May 31st. They issued a “neutral” rating for the company. TheStreet raised shares of Telefonica SA from a “c” rating to a “b” rating in a research note on Thursday, May 25th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Telefonica SA in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $10.68.

Telefonica SA (NYSE:TEF) opened at 10.89 on Friday. The stock has a market capitalization of $55.79 billion, a PE ratio of 18.65 and a beta of 1.34. The firm has a 50-day moving average of $10.85 and a 200-day moving average of $10.79. Telefonica SA has a one year low of $8.15 and a one year high of $11.64.

Telefonica SA (NYSE:TEF) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $14.24 billion for the quarter, compared to analyst estimates of $15.01 billion. Telefonica SA had a net margin of 5.18% and a return on equity of 29.02%. On average, equities research analysts forecast that Telefonica SA will post $0.89 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its stake 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 during the last quarter. Mondrian Investment Partners LTD increased its stake 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 during the last quarter. Goldman Sachs Group Inc. increased its stake 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 during the last quarter. Parametric Portfolio Associates LLC increased its stake in Telefonica SA by 21.0% in the second quarter. Parametric Portfolio Associates LLC now owns 1,502,523 shares of the utilities provider’s stock worth $15,611,000 after buying an additional 260,372 shares during the last quarter. Finally, UBS Group AG increased its stake 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 during the last quarter. Institutional investors and hedge funds 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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