Sanford C. Bernstein Downgrades Telefonica (TEF) to Underperform
Telefonica (NYSE:TEF) was downgraded by investment analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating in a research report issued on Monday.
Other analysts also recently issued research reports about the stock. Barclays upgraded shares of Telefonica from an “underweight” rating to an “equal weight” rating in a report on Friday, October 20th. Berenberg Bank upgraded shares of Telefonica from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Zacks Investment Research cut shares of Telefonica from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. J P Morgan Chase & Co cut shares of Telefonica from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 5th. Finally, ValuEngine raised shares of Telefonica from a “hold” rating to a “buy” rating in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.70.
Telefonica (NYSE TEF) traded down $0.01 during trading hours on Monday, reaching $10.07. 1,454,800 shares of the company’s stock traded hands, compared to its average volume of 1,315,203. Telefonica has a one year low of $8.67 and a one year high of $11.64. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.62 and a current ratio of 0.67. The stock has a market capitalization of $50,730.69, a price-to-earnings ratio of 5.92 and a beta of 1.29.
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Telefonica 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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