Telefonica SA (NYSE:TEF) Lifted to Equal Weight at Barclays PLC

Telefonica SA (NYSE:TEF) was upgraded by Barclays PLC from an “underweight” rating to an “equal weight” rating in a research note issued on Friday, October 20th, MarketBeat reports.

TEF has been the subject of a number of other reports. J P Morgan Chase & Co downgraded shares of Telefonica SA from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 5th. BidaskClub downgraded shares of Telefonica SA from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. ValuEngine downgraded shares of Telefonica SA from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Telefonica SA from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. restated a “buy” rating on shares of Telefonica SA in a research note on Monday, September 4th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $11.07.

Telefonica SA (NYSE TEF) traded down $0.05 during mid-day trading on Friday, hitting $10.06. The company had a trading volume of 1,331,693 shares, compared to its average volume of 1,524,079. The company has a market capitalization of $51,486.36, a P/E ratio of 6.01 and a beta of 1.31. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.67 and a quick ratio of 0.62. Telefonica SA has a 12-month low of $8.15 and a 12-month high of $11.64.

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A number of institutional investors have recently added to or reduced their stakes in TEF. Cambridge Investment Research Advisors Inc. raised its stake in shares of Telefonica SA by 0.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock worth $142,000 after buying an additional 118 shares during the period. Keybank National Association OH raised its stake in shares of Telefonica SA by 0.5% during the 2nd quarter. Keybank National Association OH now owns 25,780 shares of the utilities provider’s stock worth $268,000 after buying an additional 125 shares during the period. Wedbush Securities Inc. raised its stake in shares of Telefonica SA by 1.1% during the 2nd quarter. Wedbush Securities Inc. now owns 14,357 shares of the utilities provider’s stock worth $149,000 after buying an additional 151 shares during the period. HighTower Advisors LLC raised its stake in shares of Telefonica SA by 1.2% during the 1st quarter. HighTower Advisors LLC now owns 17,725 shares of the utilities provider’s stock worth $198,000 after buying an additional 215 shares during the period. Finally, Ballentine Partners LLC raised its stake in shares of Telefonica SA by 1.2% during the 1st quarter. Ballentine Partners LLC now owns 33,699 shares of the utilities provider’s stock worth $376,000 after buying an additional 392 shares during the period. Institutional investors and hedge funds 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).

Analyst Recommendations for Telefonica SA (NYSE:TEF)

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