Telefonica SA (NYSE:TEF) Receives Consensus Rating of “Strong Sell” from Analysts

Telefonica SA (NYSE:TEF) has earned a consensus recommendation of “Strong Sell” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $4.0150.

A number of research firms have recently commented on TEF. Kepler Capital Markets raised Telefonica from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. New Street Research downgraded Telefonica from a “hold” rating to a “reduce” rating in a report on Wednesday, December 17th. Citigroup lowered Telefonica to a “neutral” rating in a report on Monday, December 1st. Wall Street Zen raised shares of Telefonica from a “sell” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Telefonica in a report on Monday, December 29th.

Telefonica Price Performance

Telefonica stock opened at $3.81 on Monday. Telefonica has a one year low of $3.80 and a one year high of $5.72. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.80 and a current ratio of 0.84. The firm has a market capitalization of $21.60 billion, a P/E ratio of -9.29, a P/E/G ratio of 0.26 and a beta of 0.29. The company has a 50-day simple moving average of $3.89 and a 200-day simple moving average of $4.56.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TEF. National Bank of Canada FI boosted its stake in Telefonica by 367.7% in the 3rd quarter. National Bank of Canada FI now owns 4,897 shares of the utilities provider’s stock valued at $25,000 after buying an additional 3,850 shares in the last quarter. Xponance LLC bought a new position in Telefonica in the 4th quarter worth approximately $41,000. Momentous Wealth Management Inc. acquired a new position in Telefonica during the 3rd quarter valued at about $51,000. Wrapmanager Inc. bought a new position in Telefonica in the second quarter valued at approximately $53,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Telefonica during the second quarter worth $55,000. 1.14% of the stock is owned by institutional investors.

About Telefonica

Telefónica, SA is a Spanish multinational telecommunications company headquartered in Madrid. Founded in 1924 as Compañía Telefónica Nacional de España, it has grown into one of the world’s largest telecommunications groups. Telefónica provides a broad range of communications services to residential and business customers, including mobile and fixed-line telephony, broadband internet, and pay-TV. The company also develops and sells network infrastructure and related services to support connectivity at scale.

Beyond traditional voice and data services, Telefónica has expanded into digital and IT services aimed at enterprise customers and public-sector clients.