Telefonica SA (NYSE:TEF) Receives $4.02 Consensus Target Price from Analysts

Telefonica SA (NYSE:TEF) has received an average rating of “Strong Sell” from the ten research firms that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $4.0150.

TEF has been the subject of several research analyst reports. BNP Paribas Exane initiated coverage on shares of Telefonica in a research report on Tuesday, October 21st. They issued an “underperform” rating and a $4.20 price objective for the company. Weiss Ratings restated a “sell (d)” rating on shares of Telefonica in a research report on Monday, December 29th. Bank of America reiterated an “underperform” rating and issued a $3.83 price target on shares of Telefonica in a report on Thursday, December 4th. Citigroup lowered Telefonica to a “neutral” rating in a research report on Monday, December 1st. Finally, BNP Paribas raised Telefonica to a “strong sell” rating in a report on Tuesday, October 21st.

Telefonica Stock Down 1.9%

Shares of NYSE TEF opened at $3.89 on Friday. Telefonica has a 12-month low of $3.88 and a 12-month high of $5.72. The firm’s 50-day simple moving average is $4.14 and its 200 day simple moving average is $4.87. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 1.44. The company has a market cap of $22.03 billion, a price-to-earnings ratio of -9.48, a price-to-earnings-growth ratio of 0.27 and a beta of 0.29.

Telefonica (NYSE:TEF) last announced its earnings results on Tuesday, November 4th. The utilities provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Telefonica had a negative net margin of 5.23% and a positive return on equity of 8.54%. The company had revenue of $10.51 billion during the quarter, compared to the consensus estimate of $9 billion. On average, research analysts expect that Telefonica will post 0.3 earnings per share for the current fiscal year.

Telefonica Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 17th were paid a dividend of $0.1731 per share. This represents a dividend yield of 856.0%. The ex-dividend date of this dividend was Wednesday, December 17th. Telefonica’s payout ratio is -63.41%.

Hedge Funds Weigh In On Telefonica

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. National Bank of Canada FI raised its position in shares of Telefonica by 367.7% during the 3rd quarter. National Bank of Canada FI now owns 4,897 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 3,850 shares during the last quarter. Atwood & Palmer Inc. bought a new stake in Telefonica in the second quarter valued at about $44,000. Momentous Wealth Management Inc. bought a new stake in Telefonica in the third quarter valued at about $51,000. Wrapmanager Inc. acquired a new position in Telefonica in the second quarter valued at about $53,000. Finally, AlphaCore Capital LLC bought a new position in Telefonica during the second quarter worth about $55,000. 1.14% of the stock is owned by institutional investors.

Telefonica Company Profile

Telefónica, SA is a Spanish multinational telecommunications company headquartered in Madrid. Founded in 1924 as Compañía Telefónica Nacional de España, it has grown into one of the world’s largest telecommunications groups. Telefónica provides a broad range of communications services to residential and business customers, including mobile and fixed-line telephony, broadband internet, and pay-TV. The company also develops and sells network infrastructure and related services to support connectivity at scale.

Beyond traditional voice and data services, Telefónica has expanded into digital and IT services aimed at enterprise customers and public-sector clients.