ValuEngine Downgrades Telefonica SA (TEF) to Buy

Telefonica SA (NYSE:TEF) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Friday, September 1st.

Several other equities research analysts have also issued reports on the company. Goldman Sachs Group, Inc. (The) upgraded Telefonica SA from a “neutral” rating to a “buy” rating in a report on Wednesday, May 17th. Barclays PLC downgraded Telefonica SA from an “equal weight” rating to an “underweight” rating in a research note on Friday, May 12th. BidaskClub downgraded Telefonica SA from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research downgraded Telefonica SA from a “buy” rating to a “strong sell” rating in a research report on Thursday, July 13th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Telefonica SA in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $10.81.

Telefonica SA (TEF) traded up 0.65% during midday trading on Friday, reaching $10.81. 1,595,451 shares of the company traded hands. The firm has a market capitalization of $55.38 billion, a PE ratio of 18.26 and a beta of 1.32. Telefonica SA has a 12 month low of $8.15 and a 12 month high of $11.64. The company’s 50-day moving average price is $10.96 and its 200 day moving average price is $10.97.

Telefonica SA (NYSE:TEF) last announced its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The firm had revenue of $14.24 billion for the quarter, compared to analyst estimates of $15.01 billion. Telefonica SA had a net margin of 5.18% and a return on equity of 29.02%. On average, equities analysts anticipate that Telefonica SA will post $0.89 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Telefonica SA by 0.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 118 shares during the last quarter. Keybank National Association OH increased its holdings in Telefonica SA by 0.5% in the second quarter. Keybank National Association OH now owns 25,780 shares of the utilities provider’s stock valued at $268,000 after purchasing an additional 125 shares during the last quarter. Wedbush Securities Inc. increased its holdings in Telefonica SA by 1.1% in the second quarter. Wedbush Securities Inc. now owns 14,357 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 151 shares during the last quarter. HighTower Advisors LLC increased its holdings in Telefonica SA by 1.2% in the first quarter. HighTower Advisors LLC now owns 17,725 shares of the utilities provider’s stock valued at $198,000 after purchasing an additional 215 shares during the last quarter. Finally, Ballentine Partners LLC increased its holdings in Telefonica SA by 1.2% in the first quarter. Ballentine Partners LLC now owns 33,699 shares of the utilities provider’s stock valued at $376,000 after purchasing an additional 392 shares during the last quarter. Institutional investors own 0.93% of the company’s stock.

Telefonica SA 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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Telefonica SA (NYSE:TEF)

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