Telefónica (NYSE:TEF) Downgraded by Jefferies Financial Group to Underperform

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Telefónica (NYSE:TEF) was downgraded by stock analysts at Jefferies Financial Group from a “hold” rating to an “underperform” rating in a note issued to investors on Thursday, The Fly reports.

TEF has been the topic of a number of other reports. JPMorgan Chase & Co. restated an “underweight” rating on shares of Telefónica in a research note on Thursday, January 7th. Smith Barney Citigroup began coverage on Telefónica in a report on Tuesday, December 15th. They issued a “neutral” rating for the company. Berenberg Bank reiterated a “hold” rating on shares of Telefónica in a research note on Thursday, November 19th. Barclays restated an “equal weight” rating on shares of Telefónica in a research note on Wednesday, December 9th. Finally, ValuEngine raised Telefónica from a “sell” rating to a “hold” rating in a report on Tuesday, January 5th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company. Telefónica has an average rating of “Hold” and an average price target of $5.00.

Shares of TEF stock opened at $4.84 on Thursday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.14 and a current ratio of 1.19. The firm has a market cap of $25.13 billion, a price-to-earnings ratio of -484.00, a P/E/G ratio of 0.48 and a beta of 0.69. Telefónica has a 52 week low of $3.22 and a 52 week high of $7.07. The firm’s 50-day simple moving average is $4.31 and its two-hundred day simple moving average is $4.10.

Telefónica (NYSE:TEF) last issued its quarterly earnings results on Thursday, October 29th. The utilities provider reported $0.15 earnings per share (EPS) for the quarter. Telefónica had a net margin of 0.39% and a return on equity of 12.65%. The company had revenue of $12.23 billion during the quarter, compared to analyst estimates of $12.31 billion. Analysts forecast that Telefónica will post 0.42 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV purchased a new position in shares of Telefónica during the third quarter worth approximately $44,000. Chiron Capital Management LLC purchased a new position in Telefónica in the 3rd quarter worth $215,000. IHT Wealth Management LLC bought a new stake in Telefónica in the third quarter worth $38,000. Advisors Asset Management Inc. boosted its position in Telefónica by 30.2% during the third quarter. Advisors Asset Management Inc. now owns 155,027 shares of the utilities provider’s stock valued at $533,000 after buying an additional 35,916 shares during the period. Finally, Lake Street Advisors Group LLC grew its stake in shares of Telefónica by 57.7% during the third quarter. Lake Street Advisors Group LLC now owns 29,223 shares of the utilities provider’s stock valued at $101,000 after buying an additional 10,690 shares during the last quarter. 0.94% of the stock is owned by institutional investors and hedge funds.

Telefónica Company Profile

Telefónica, SA provides mobile and fixed communication services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data, Internet, wholesale, corporate, roaming, fixed wireless, trunking, and paging services. Its fixed telecommunication services include PSTN lines; ISDN accesses; public telephone services; local, domestic, and international long-distance and fixed-to-mobile communications; corporate communications; supplementary and business oriented value-added; video telephony; intelligent network; and telephony information services.

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Analyst Recommendations for Telefónica (NYSE:TEF)

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