Telefonica (TEF) Stock Rating Upgraded by Citigroup

Citigroup upgraded shares of Telefonica (NYSE:TEF) to an outperform rating in a research report released on Wednesday, The Fly reports. The analysts noted that the move was a valuation call.

Several other analysts also recently weighed in on the company. Sanford C. Bernstein downgraded Telefonica from a market perform rating to an underperform rating in a research note on Monday, December 11th. ValuEngine upgraded Telefonica from a hold rating to a buy rating in a research note on Monday, November 20th. Zacks Investment Research upgraded Telefonica from a hold rating to a buy rating and set a $12.00 target price for the company in a research note on Monday, October 16th. Barclays upgraded Telefonica from an underweight rating to an equal weight rating in a research note on Friday, October 20th. Finally, Berenberg Bank upgraded Telefonica from a hold rating to a buy rating in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Telefonica currently has an average rating of Hold and an average target price of $11.70.

Telefonica (TEF) opened at $10.06 on Wednesday. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.67 and a quick ratio of 0.62. Telefonica has a 52-week low of $9.37 and a 52-week high of $11.64. The company has a market capitalization of $50,680.31, a PE ratio of 5.92 and a beta of 1.30.

Telefonica (NYSE:TEF) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.23 EPS for the quarter. Telefonica had a return on equity of 29.25% and a net margin of 4.95%. equities research analysts anticipate that Telefonica will post 0.86 EPS for the current fiscal year.

The firm also recently announced a semiannual dividend, which was paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th were paid a dividend of $0.2383 per share. The ex-dividend date was Tuesday, December 12th. This represents a dividend yield of 4.67%. Telefonica’s dividend payout ratio is presently 70.00%.

Several institutional investors have recently made changes to their positions in TEF. Janney Montgomery Scott LLC acquired a new stake in shares of Telefonica during the third quarter valued at about $110,000. Advisor Group Inc. grew its stake in Telefonica by 3.1% in the second quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 406 shares in the last quarter. Raymond James Trust N.A. grew its stake in Telefonica by 31.9% in the second quarter. Raymond James Trust N.A. now owns 13,452 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 3,252 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Telefonica by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 118 shares in the last quarter. Finally, St. James Investment Company LLC acquired a new position in Telefonica in the third quarter worth about $160,000. Institutional investors own 0.91% of the company’s stock.

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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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