Shares of Telefonica SA (NYSE:TEF) have been assigned a consensus recommendation of “Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $11.45.

TEF has been the topic of several research analyst reports. Berenberg Bank raised shares of Telefonica SA from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Barclays PLC upgraded shares of Telefonica SA from an “underweight” rating to an “equal weight” rating in a report on Friday, October 20th. BidaskClub upgraded shares of Telefonica SA from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Zacks Investment Research downgraded shares of Telefonica SA from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Telefonica SA in a report on Tuesday, July 25th.

Several hedge funds have recently made changes to their positions in the company. Crossmark Global Holdings Inc. bought a new stake in shares of Telefonica SA during the 3rd quarter valued at $4,476,000. Aperio Group LLC raised its position in shares of Telefonica SA by 14.6% in the 3rd quarter. Aperio Group LLC now owns 1,017,636 shares of the utilities provider’s stock worth $10,980,000 after purchasing an additional 129,466 shares during the last quarter. Boston Advisors LLC purchased a new position in shares of Telefonica SA in the 3rd quarter worth about $400,000. Butensky & Cohen Financial Security Inc. raised its position in shares of Telefonica SA by 10.8% in the 3rd quarter. Butensky & Cohen Financial Security Inc. now owns 131,928 shares of the utilities provider’s stock worth $1,424,000 after purchasing an additional 12,847 shares during the last quarter. Finally, Advisory Services Network LLC raised its position in shares of Telefonica SA by 3.2% in the 2nd quarter. Advisory Services Network LLC now owns 42,491 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 1,311 shares during the last quarter. Hedge funds and other institutional investors own 0.92% of the company’s stock.

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Telefonica SA (NYSE TEF) opened at 10.41 on Wednesday. Telefonica SA has a 52 week low of $8.15 and a 52 week high of $11.64. The company has a market capitalization of $53.33 billion, a PE ratio of 18.10 and a beta of 1.31. The firm has a 50-day moving average of $10.60 and a 200-day moving average of $10.87.

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).

Analyst Recommendations for Telefonica SA (NYSE:TEF)

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