Credit Suisse Group Lowers Telefonica (TEF) to Hold

Telefonica (NYSE:TEF) was downgraded by equities research analysts at Credit Suisse Group to a “hold” rating in a report released on Friday.

Several other equities analysts have also weighed in on TEF. Citigroup upgraded Telefonica to an “outperform” rating in a research note on Wednesday. They noted that the move was a valuation call. Raymond James Financial upgraded Telefonica from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Berenberg Bank upgraded Telefonica from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Zacks Investment Research lowered Telefonica from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, ValuEngine lowered Telefonica from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Telefonica currently has a consensus rating of “Hold” and an average price target of $11.70.

Shares of Telefonica (NYSE:TEF) traded up $0.04 during trading on Friday, hitting $10.06. The company had a trading volume of 553,368 shares, compared to its average volume of 880,573. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.79. Telefonica has a 1 year low of $9.37 and a 1 year high of $11.64. The stock has a market cap of $50,478.80, a price-to-earnings ratio of 5.89 and a beta of 1.30.

Telefonica (NYSE:TEF) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.23 earnings per share for the quarter. Telefonica had a return on equity of 29.25% and a net margin of 4.95%. sell-side analysts anticipate that Telefonica will post 0.86 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC purchased a new stake in Telefonica during the 3rd quarter worth approximately $110,000. Advisor Group Inc. increased its stake in Telefonica by 3.1% during the 2nd quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock worth $138,000 after buying an additional 406 shares in the last quarter. Raymond James Trust N.A. increased its stake in Telefonica by 31.9% during the 2nd quarter. Raymond James Trust N.A. now owns 13,452 shares of the utilities provider’s stock worth $139,000 after buying an additional 3,252 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Telefonica by 0.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock worth $142,000 after buying an additional 118 shares in the last quarter. Finally, St. James Investment Company LLC purchased a new stake in Telefonica during the 3rd quarter worth approximately $160,000. Institutional investors own 0.91% of the company’s stock.

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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).

Analyst Recommendations for Telefonica (NYSE:TEF)

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