Telefonica SA (NYSE:TEF) was upgraded by Barclays PLC from an “underweight” rating to an “equal weight” rating in a research report issued to clients and investors on Friday, Marketbeat reports.

TEF has been the subject of a number of other reports. J P Morgan Chase & Co downgraded Telefonica SA from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 5th. BidaskClub downgraded Telefonica SA from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. ValuEngine downgraded Telefonica SA from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Telefonica SA from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Telefonica SA in a research note on Monday, September 4th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $11.00.

Telefonica SA (NYSE:TEF) traded down 0.19% on Friday, reaching $10.38. 1,246,800 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $10.68 and a 200 day moving average price of $10.91. The firm has a market cap of $53.18 billion, a PE ratio of 17.47 and a beta of 1.31. Telefonica SA has a one year low of $8.15 and a one year high of $11.64.

Telefonica SA (NYSE:TEF) last issued 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). Telefonica SA had a return on equity of 29.02% and a net margin of 5.18%. The company had revenue of $14.24 billion during the quarter, compared to analyst estimates of $15.01 billion. On average, equities analysts anticipate that Telefonica SA will post $0.89 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEF. Eagle Ridge Investment Management acquired a new position in Telefonica SA in the 2nd quarter valued at about $114,000. Sei Investments Co. grew its position in Telefonica SA by 43.9% in the 1st quarter. Sei Investments Co. now owns 10,898 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 3,327 shares in the last quarter. Advisor Group Inc. grew its position in Telefonica SA by 3.1% in the 2nd quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock valued at $138,000 after acquiring an additional 406 shares in the last quarter. Raymond James Trust N.A. grew its position in Telefonica SA by 31.9% in the 2nd quarter. Raymond James Trust N.A. now owns 13,452 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 3,252 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Telefonica SA by 0.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 118 shares in the last quarter. 0.93% of the stock is owned by institutional investors.

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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