Shares of Telefonica SA (NYSE:TEF) have been given a consensus recommendation of “Hold” by the eighteen research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $11.02.

Several brokerages recently issued reports on TEF. BidaskClub lowered shares of Telefonica SA from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded shares of Telefonica SA from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 27th. Citigroup Inc. reiterated a “buy” rating on shares of Telefonica SA in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Telefonica SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 7th. Finally, BNP Paribas began coverage on shares of Telefonica SA in a research note on Wednesday, May 31st. They issued a “neutral” rating for the company.

A number of hedge funds have recently made changes to their positions in the stock. Raymond James Trust N.A. bought a new stake in shares of Telefonica SA during the first quarter worth about $114,000. Sei Investments Co. increased its stake in shares of 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. Eagle Ridge Investment Management bought a new stake in shares of Telefonica SA during the second quarter worth about $114,000. Fox Run Management L.L.C. bought a new stake in shares of Telefonica SA during the first quarter worth about $139,000. Finally, Advisor Group Inc. increased its stake in shares of Telefonica SA by 3.1% in the second quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock worth $138,000 after buying an additional 406 shares during the last quarter. 0.91% of the stock is currently owned by institutional investors.

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Telefonica SA (NYSE TEF) opened at 10.76 on Friday. Telefonica SA has a one year low of $8.15 and a one year high of $11.64. The firm has a market capitalization of $55.12 billion, a PE ratio of 18.42 and a beta of 1.34. The stock’s 50 day moving average is $10.89 and its 200-day moving average is $10.82.

Telefonica SA (NYSE:TEF) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $15.01 billion. Telefonica SA had a return on equity of 29.02% and a net margin of 5.18%. On average, analysts anticipate that Telefonica SA will post $0.89 EPS for the current fiscal year.

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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