Telefonica (TEF) Rating Reiterated by DZ Bank

Telefonica (NYSE:TEF)‘s stock had its “neutral” rating reaffirmed by equities researchers at DZ Bank in a research note issued to investors on Wednesday.

Several other equities research analysts also recently issued reports on the company. Credit Suisse Group downgraded Telefonica to a “hold” rating in a report on Friday, January 19th. Raymond James Financial upgraded Telefonica from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 17th. Citigroup upgraded Telefonica to an “outperform” rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. ValuEngine downgraded Telefonica from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Sanford C. Bernstein downgraded Telefonica from a “market perform” rating to an “underperform” rating in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Telefonica currently has a consensus rating of “Hold” and a consensus price target of $11.70.

Shares of Telefonica (NYSE TEF) traded up $0.13 during trading on Wednesday, reaching $10.55. The company had a trading volume of 985,045 shares, compared to its average volume of 1,240,000. Telefonica has a 1-year low of $9.37 and a 1-year high of $11.64. The company has a market capitalization of $54,720.00, a P/E ratio of 20.69 and a beta of 1.29. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.67 and a quick ratio of 0.62.

Telefonica (NYSE:TEF) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.23 earnings per share (EPS) 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 0.87 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Mondrian Investment Partners LTD grew its stake in Telefonica by 16.4% in the 4th quarter. Mondrian Investment Partners LTD now owns 4,163,537 shares of the utilities provider’s stock valued at $40,303,000 after purchasing an additional 588,000 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Telefonica by 7.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,868,884 shares of the utilities provider’s stock valued at $19,418,000 after buying an additional 130,157 shares during the last quarter. BTC Capital Management Inc. purchased a new position in shares of Telefonica during the 3rd quarter valued at $490,000. OxFORD Asset Management LLP lifted its position in shares of Telefonica by 6.2% during the 3rd quarter. OxFORD Asset Management LLP now owns 238,870 shares of the utilities provider’s stock valued at $2,577,000 after buying an additional 13,926 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of Telefonica by 5,601.9% during the 3rd quarter. Assetmark Inc. now owns 160,395 shares of the utilities provider’s stock valued at $1,731,000 after buying an additional 157,582 shares during the last quarter. Hedge funds and other 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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