Telefonica (TEF) Rating Increased to Hold at Jefferies Group

Telefonica (NYSE:TEF) was upgraded by stock analysts at Jefferies Group from an “underperform” rating to a “hold” rating in a research note issued on Friday, Marketbeat reports.

A number of other equities research analysts have also recently issued reports on TEF. ValuEngine cut Telefonica from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. DZ Bank reiterated a “neutral” rating on shares of Telefonica in a research note on Wednesday, January 24th. Credit Suisse Group cut Telefonica to a “hold” rating in a research note 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. Finally, Citigroup upgraded Telefonica to an “outperform” rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Telefonica currently has a consensus rating of “Hold” and a consensus target price of $11.70.

Telefonica (NYSE:TEF) traded down $0.01 during midday trading on Friday, reaching $9.22. The company’s stock had a trading volume of 3,190,000 shares, compared to its average volume of 1,380,000. The company has a market cap of $47,770.00, a PE ratio of 18.08 and a beta of 1.27. 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 has a 12-month low of $8.99 and a 12-month high of $11.64.

Several institutional investors have recently made changes to their positions in the company. Mondrian Investment Partners LTD raised its stake in shares of Telefonica by 16.4% during the 4th quarter. Mondrian Investment Partners LTD now owns 4,163,537 shares of the utilities provider’s stock worth $40,303,000 after purchasing an additional 588,000 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings 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 worth $19,418,000 after acquiring an additional 130,157 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Telefonica by 18.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,769,565 shares of the utilities provider’s stock worth $19,094,000 after acquiring an additional 280,112 shares during the last quarter. Aperio Group LLC increased its holdings in shares of Telefonica by 14.6% during the 3rd quarter. Aperio Group LLC now owns 1,017,636 shares of the utilities provider’s stock worth $10,980,000 after acquiring an additional 129,466 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Telefonica by 36.0% during the 2nd quarter. FMR LLC now owns 651,997 shares of the utilities provider’s stock worth $6,774,000 after acquiring an additional 172,477 shares during the last quarter. Institutional investors own 0.92% 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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