Telefonica SA (NYSE:TEF) Receives Consensus Rating of “Strong Sell” from Analysts

Shares of Telefonica SA (NYSE:TEF) have been given a consensus recommendation of “Strong Sell” by the six brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $4.0150.

Separately, New Street Research cut Telefonica from a “reduce” rating to a “sell” rating in a research note on Friday.

Institutional Trading of Telefonica

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of Telefonica by 105.6% in the 2nd quarter. GAMMA Investing LLC now owns 11,352 shares of the utilities provider’s stock valued at $45,000 after acquiring an additional 5,831 shares in the last quarter. Cozad Asset Management Inc. boosted its stake in Telefonica by 11.2% during the first quarter. Cozad Asset Management Inc. now owns 36,638 shares of the utilities provider’s stock worth $140,000 after acquiring an additional 3,684 shares in the last quarter. Assetmark Inc. boosted its stake in Telefonica by 52.5% during the first quarter. Assetmark Inc. now owns 266,549 shares of the utilities provider’s stock worth $1,016,000 after acquiring an additional 91,749 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Telefonica by 178.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 15,732 shares of the utilities provider’s stock worth $64,000 after purchasing an additional 10,075 shares during the period. Finally, OLD Mission Capital LLC grew its holdings in Telefonica by 153.0% in the fourth quarter. OLD Mission Capital LLC now owns 1,074,052 shares of the utilities provider’s stock worth $4,350,000 after purchasing an additional 649,496 shares during the period. Institutional investors and hedge funds own 1.14% of the company’s stock.

Telefonica Stock Performance

TEF stock opened at $3.81 on Friday. The firm has a market cap of $21.60 billion, a PE ratio of -9.29, a price-to-earnings-growth ratio of 0.26 and a beta of 0.29. The company has a current ratio of 0.84, a quick ratio of 0.80 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average price of $3.81 and a 200-day moving average price of $3.81. Telefonica has a 1-year low of $3.80 and a 1-year high of $5.72.

About Telefonica

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.