Telefónica (NYSE:TEF) Downgraded to “Hold” Rating by StockNews.com

Telefónica (NYSE:TEF) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Telefónica Price Performance

Shares of Telefónica stock traded up $0.09 during trading on Tuesday, hitting $4.47. 673,356 shares of the stock traded hands, compared to its average volume of 672,104. The stock has a market cap of $25.32 billion, a price-to-earnings ratio of -17.17 and a beta of 0.68. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. Telefónica has a 52 week low of $3.89 and a 52 week high of $4.93. The firm’s fifty day moving average is $4.09 and its 200-day moving average is $4.43.

Hedge Funds Weigh In On Telefónica

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its holdings in shares of Telefónica by 71.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 2,603 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Telefónica in the 3rd quarter worth $45,000. Abel Hall LLC purchased a new position in shares of Telefónica in the third quarter valued at about $53,000. Carrera Capital Advisors bought a new position in shares of Telefónica during the fourth quarter valued at about $47,000. Finally, Callan Family Office LLC purchased a new stake in shares of Telefónica during the fourth quarter worth about $44,000. 1.14% of the stock is currently owned by institutional investors.

About Telefónica

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.