Telefónica (NYSE:TEF) Raised to “Hold” at Hsbc Global Res

Hsbc Global Res upgraded shares of Telefónica (NYSE:TEF) to a hold rating in a research note released on Wednesday, Zacks.com reports.

Several other equities analysts have also recently weighed in on TEF. New Street Research cut Telefónica from a strong-buy rating to a hold rating in a research report on Friday, July 5th. HSBC upgraded Telefónica from a reduce rating to a hold rating in a research note on Wednesday. StockNews.com lowered shares of Telefónica from a buy rating to a hold rating in a research report on Friday. Bank of America cut shares of Telefónica from a buy rating to a neutral rating in a research note on Friday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Telefónica from a hold rating to a sell rating in a research note on Thursday, June 13th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold.

Telefónica Stock Performance

Shares of TEF stock opened at $4.75 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.81. The firm has a 50-day moving average of $4.63 and a 200-day moving average of $4.48. Telefónica has a one year low of $3.71 and a one year high of $4.93. The company has a market cap of $26.93 billion, a P/E ratio of -29.69 and a beta of 0.67.

Telefónica (NYSE:TEF) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. Telefónica had a negative net margin of 1.62% and a positive return on equity of 9.18%. The firm had revenue of $11.04 billion for the quarter, compared to analysts’ expectations of $10.85 billion. Equities research analysts forecast that Telefónica will post 0.34 EPS for the current fiscal year.

Institutional Trading of Telefónica

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC boosted its stake in shares of Telefónica by 2.6% in the 4th quarter. Gabelli Funds LLC now owns 1,519,000 shares of the utilities provider’s stock valued at $5,924,000 after purchasing an additional 39,000 shares in the last quarter. American Century Companies Inc. boosted its position in Telefónica by 0.4% during the second quarter. American Century Companies Inc. now owns 1,258,793 shares of the utilities provider’s stock valued at $5,300,000 after buying an additional 4,949 shares during the period. Nia Impact Advisors LLC bought a new position in shares of Telefónica during the second quarter valued at about $3,645,000. Natixis Advisors LLC increased its holdings in shares of Telefónica by 81.2% in the second quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock worth $2,933,000 after buying an additional 312,113 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Telefónica by 1.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 373,929 shares of the utilities provider’s stock valued at $1,459,000 after acquiring an additional 6,066 shares during the last quarter. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.