Telefonica SA (TEF) Lowered to “Sell” at BidaskClub

BidaskClub lowered shares of Telefonica SA (NYSE:TEF) from a hold rating to a sell rating in a research report released on Thursday morning.

A number of other equities analysts have also weighed in on TEF. Bank of America Corporation raised shares of Telefonica SA from a neutral rating to a buy rating in a research note on Wednesday, March 1st. Deutsche Bank AG raised shares of Telefonica SA from a hold rating to a buy rating and upped their target price for the stock from $8.50 to $11.40 in a research note on Thursday, March 9th. Zacks Investment Research lowered shares of Telefonica SA from a strong-buy rating to a hold rating in a research note on Tuesday, May 2nd. Barclays PLC lowered shares of Telefonica SA from an equal weight rating to an underweight rating in a research note on Friday, May 12th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Telefonica SA from a neutral rating to a buy rating in a research note on Wednesday, May 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Telefonica SA presently has an average rating of Hold and a consensus target price of $10.69.

Analyst Recommendations for Telefonica SA (NYSE:TEF)

Telefonica SA (TEF) traded up 0.47% during mid-day trading on Thursday, reaching $10.65. The company had a trading volume of 966,508 shares. The stock has a market cap of $53.91 billion, a PE ratio of 20.52 and a beta of 1.40. Telefonica SA has a 12 month low of $8.15 and a 12 month high of $11.64. The firm’s 50-day moving average price is $11.17 and its 200-day moving average price is $10.39.

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The firm also recently disclosed a dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.168 per share. The ex-dividend date is Tuesday, June 13th. Telefonica SA’s dividend payout ratio is 96.16%.

Several institutional investors have recently bought and sold shares of TEF. Private Advisor Group LLC increased its position in Telefonica SA by 7.9% in the fourth quarter. Private Advisor Group LLC now owns 11,537 shares of the utilities provider’s stock worth $111,000 after buying an additional 845 shares in the last quarter. Raymond James Trust N.A. acquired a new position in Telefonica SA during the first quarter worth approximately $114,000. Sei Investments Co. increased its position in Telefonica SA by 43.9% in the first quarter. Sei Investments Co. now owns 10,898 shares of the utilities provider’s stock worth $122,000 after buying an additional 3,327 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Telefonica SA during the first quarter worth approximately $139,000. Finally, Greenleaf Trust acquired a new position in Telefonica SA during the first quarter worth approximately $151,000. Institutional investors own 0.93% of the company’s stock.

About Telefonica SA

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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