Shares of Telefonica SA (NYSE:TEF) have received an average recommendation of “Hold” from the nineteen analysts that are covering the company. Five analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $10.29.
Several brokerages have issued reports on TEF. Zacks Investment Research downgraded shares of Telefonica SA from a “hold” rating to a “sell” rating in a research note on Wednesday, December 14th. Goldman Sachs Group, Inc. (The) set a €9.60 ($10.11) target price on shares of Telefonica SA and gave the company a “neutral” rating in a research note on Friday, October 28th. J P Morgan Chase & Co set a €11.70 ($12.32) target price on shares of Telefonica SA and gave the company a “buy” rating in a research note on Monday, October 31st. Deutsche Bank AG set a €8.20 ($8.63) target price on shares of Telefonica SA and gave the company a “sell” rating in a research note on Monday, October 24th. Finally, Societe Generale began coverage on shares of Telefonica SA in a research note on Tuesday, December 6th. They set a “hold” rating on the stock.
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Large investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC bought a new position in shares of Telefonica SA during the second quarter worth approximately $108,000. Sei Investments Co. raised its position in shares of Telefonica SA by 31.4% in the third quarter. Sei Investments Co. now owns 10,905 shares of the company’s stock worth $110,000 after buying an additional 2,607 shares in the last quarter. Johnson Investment Counsel Inc. bought a new position in shares of Telefonica SA during the third quarter worth approximately $112,000. Bellecapital International Ltd. bought a new position in shares of Telefonica SA during the second quarter worth approximately $119,000. Finally, Stevens Capital Management LP bought a new position in shares of Telefonica SA during the third quarter worth approximately $128,000. Institutional investors own 1.28% of the company’s stock.
Shares of Telefonica SA (NYSE:TEF) traded down 0.41% on Wednesday, reaching $9.60. The company had a trading volume of 700,733 shares. The company has a 50 day moving average price of $8.89 and a 200 day moving average price of $9.58. The stock has a market capitalization of $47.14 billion, a PE ratio of 24.06 and a beta of 1.45. Telefonica SA has a 52-week low of $8.15 and a 52-week high of $11.43.
Telefonica SA 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. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.
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