DZ Bank upgraded shares of Telefonica (NYSE:TEF) from a hold rating to a buy rating in a research note released on Tuesday, The Fly reports.
Other equities analysts have also issued research reports about the company. ValuEngine lowered Telefonica from a hold rating to a sell rating in a research note on Monday, April 1st. Berenberg Bank reiterated a hold rating on shares of Telefonica in a research note on Tuesday, March 19th. Zacks Investment Research upgraded Telefonica from a sell rating to a hold rating in a research note on Wednesday, April 24th. Sanford C. Bernstein reiterated a sell rating on shares of Telefonica in a research note on Friday, January 25th. Finally, UBS Group reiterated a buy rating on shares of Telefonica in a research note on Wednesday, January 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $9.75.
Shares of Telefonica stock opened at $7.98 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 1.83. Telefonica has a twelve month low of $7.70 and a twelve month high of $9.40. The stock has a market capitalization of $41.59 billion, a P/E ratio of 8.40 and a beta of 0.67.
Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its holdings in shares of Telefonica by 92.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 93,987 shares of the utilities provider’s stock worth $739,000 after purchasing an additional 45,237 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Telefonica by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 888,882 shares of the utilities provider’s stock worth $6,987,000 after purchasing an additional 6,578 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Telefonica during the 3rd quarter worth approximately $88,000. Vanguard Group Inc boosted its holdings in shares of Telefonica by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 162,005 shares of the utilities provider’s stock worth $1,273,000 after purchasing an additional 2,385 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Telefonica during the 4th quarter worth approximately $149,000. Institutional investors own 0.97% of the company’s stock.
Telefónica, SA provides mobile and fixed communication services primarily in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.
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