Telefonica S.A. (NYSE:TEF) Receives $5.00 Average Price Target from Analysts

Telefonica S.A. (NYSE:TEF) has been given a consensus recommendation of “Hold” by the nineteen research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $5.00.

Several analysts have weighed in on TEF shares. Cfra raised Telefonica from a “sell” rating to a “hold” rating and cut their target price for the company from $6.50 to $5.00 in a research note on Friday, May 8th. Barclays reaffirmed an “equal weight” rating on shares of Telefonica in a research note on Tuesday, July 21st. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Telefonica in a research note on Thursday, July 23rd. Morgan Stanley reaffirmed an “equal weight” rating on shares of Telefonica in a research note on Wednesday, May 27th. Finally, Redburn Partners downgraded Telefonica from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th.

Shares of NYSE TEF traded down $0.26 during mid-day trading on Tuesday, hitting $4.21. The company had a trading volume of 2,422,823 shares, compared to its average volume of 1,071,625. The stock has a market cap of $21.86 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 0.40 and a beta of 0.83. Telefonica has a 12 month low of $3.75 and a 12 month high of $8.06. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.79 and a quick ratio of 0.73. The firm’s 50 day simple moving average is $4.78 and its two-hundred day simple moving average is $5.26.

Telefonica (NYSE:TEF) last announced its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $12.54 billion for the quarter. Telefonica had a return on equity of 13.32% and a net margin of 1.32%. Equities analysts forecast that Telefonica will post 0.48 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC boosted its position in shares of Telefonica by 55.0% in the first quarter. Parametric Portfolio Associates LLC now owns 2,959,315 shares of the utilities provider’s stock worth $13,524,000 after buying an additional 1,050,340 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Telefonica by 145.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,423,552 shares of the utilities provider’s stock valued at $16,892,000 after purchasing an additional 1,436,644 shares during the period. Aperio Group LLC boosted its holdings in shares of Telefonica by 43.7% in the 1st quarter. Aperio Group LLC now owns 1,627,721 shares of the utilities provider’s stock worth $7,439,000 after acquiring an additional 495,225 shares in the last quarter. Bank of America Corp DE lifted its holdings in Telefonica by 71.4% during the 4th quarter. Bank of America Corp DE now owns 1,145,500 shares of the utilities provider’s stock worth $7,984,000 after buying an additional 477,069 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Telefonica by 308.3% during the 1st quarter. First Trust Advisors LP now owns 755,382 shares of the utilities provider’s stock valued at $6,315,000 after acquiring an additional 570,383 shares during the last quarter. 0.93% of the stock is owned by institutional investors and hedge funds.

Telefonica Company Profile

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.

Read More: The limitations of an equal weight rating

Analyst Recommendations for Telefonica (NYSE:TEF)

Receive News & Ratings for Telefonica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonica and related companies with MarketBeat.com's FREE daily email newsletter.