Telefonica (NYSE:TEF) Downgraded by ValuEngine to “Sell”

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ValuEngine downgraded shares of Telefonica (NYSE:TEF) from a hold rating to a sell rating in a research note issued to investors on Monday morning, ValuEngine reports.

A number of other equities research analysts have also recently issued reports on the company. Deutsche Bank reaffirmed a buy rating on shares of Telefonica in a research report on Friday, May 24th. Macquarie raised Telefonica from a neutral rating to an outperform rating in a research report on Tuesday, September 3rd. Zacks Investment Research raised Telefonica from a sell rating to a hold rating and set a $8.50 price objective for the company in a research report on Tuesday, May 28th. TheStreet cut Telefonica from a b- rating to a c+ rating in a research report on Wednesday, August 14th. Finally, Bank of America cut Telefonica from a buy rating to a neutral rating in a research report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $8.50.

Shares of Telefonica stock opened at $7.38 on Monday. The stock has a market capitalization of $38.16 billion, a P/E ratio of 7.77, a PEG ratio of 1.61 and a beta of 0.71. The company has a quick ratio of 0.79, a current ratio of 0.84 and a debt-to-equity ratio of 1.98. The stock has a 50 day moving average price of $7.05 and a two-hundred day moving average price of $7.99. Telefonica has a 12-month low of $6.50 and a 12-month high of $9.08.

Telefonica (NYSE:TEF) last announced its earnings results on Thursday, July 25th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.54 billion. Telefonica had a return on equity of 16.21% and a net margin of 7.27%. Sell-side analysts anticipate that Telefonica will post 0.77 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of TEF. Zions Bancorporation N.A. bought a new stake in shares of Telefonica in the first quarter valued at approximately $28,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Telefonica in the second quarter valued at approximately $36,000. Evolution Wealth Advisors LLC bought a new stake in shares of Telefonica in the second quarter valued at approximately $38,000. HM Payson & Co. bought a new stake in shares of Telefonica in the second quarter valued at approximately $60,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Telefonica in the second quarter valued at approximately $84,000. 0.97% of the stock is owned by institutional investors.

About Telefonica

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

Analyst Recommendations for Telefonica (NYSE:TEF)

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