Shares of Telefonica S.A. (NYSE:TEF) have been assigned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $11.40.
TEF has been the topic of several recent research reports. ValuEngine downgraded shares of Telefonica from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Telefonica from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Wednesday, September 6th. Citigroup reissued a “buy” rating on shares of Telefonica in a research note on Monday, September 4th. J P Morgan Chase & Co downgraded shares of Telefonica from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 5th. Finally, Sanford C. Bernstein downgraded shares of Telefonica from a “market perform” rating to an “underperform” rating in a research note on Monday, December 11th.
Shares of Telefonica (TEF) opened at $9.82 on Thursday. Telefonica has a fifty-two week low of $9.01 and a fifty-two week high of $11.64. The stock has a market cap of $49,320.10, a PE ratio of 5.76 and a beta of 1.29. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.67 and a quick ratio of 0.62.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.2383 per share. This represents a yield of 4.67%. The ex-dividend date of this dividend is Tuesday, December 12th. Telefonica’s dividend payout ratio is currently 70.00%.
A number of large investors have recently bought and sold shares of TEF. Russell Investments Group Ltd. purchased a new position in Telefonica during the second quarter worth approximately $739,000. Sei Investments Co. raised its stake in Telefonica by 67.5% during the second quarter. Sei Investments Co. now owns 18,250 shares of the utilities provider’s stock worth $189,000 after purchasing an additional 7,352 shares during the period. Wedbush Securities Inc. raised its stake in Telefonica by 1.1% during the second quarter. Wedbush Securities Inc. now owns 14,357 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 151 shares during the period. Bank of New York Mellon Corp raised its stake in Telefonica by 4.2% during the second quarter. Bank of New York Mellon Corp now owns 180,198 shares of the utilities provider’s stock worth $1,872,000 after purchasing an additional 7,317 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Telefonica by 42.5% during the second quarter. BNP Paribas Arbitrage SA now owns 21,212 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 6,328 shares during the period. 0.91% of the stock is currently owned by institutional investors.
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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).
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