BidaskClub upgraded shares of Telefonica SA (NYSE:TEF) from a sell rating to a hold rating in a report released on Thursday, July 13th.

A number of other equities analysts also recently issued reports on the company. Goldman Sachs Group, Inc. (The) raised Telefonica SA from a neutral rating to a buy rating in a research note on Wednesday, May 17th. Barclays PLC downgraded Telefonica SA from an equal weight rating to an underweight rating in a research note on Friday, May 12th. Zacks Investment Research downgraded Telefonica SA from a strong-buy rating to a hold rating in a research note on Tuesday, May 2nd. ValuEngine raised Telefonica SA from a buy rating to a strong-buy rating in a research note on Friday, July 7th. Finally, BNP Paribas started coverage on Telefonica SA in a research note on Wednesday, May 31st. They set a neutral rating for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Telefonica SA currently has a consensus rating of Buy and a consensus target price of $10.68.

Shares of Telefonica SA (NYSE TEF) opened at 11.48 on Thursday. The firm has a 50-day moving average price of $10.73 and a 200 day moving average price of $10.72. Telefonica SA has a one year low of $8.15 and a one year high of $11.64. The firm has a market capitalization of $58.81 billion, a price-to-earnings ratio of 19.97 and a beta of 1.34.

Telefonica SA (NYSE:TEF) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $15.01 billion. Telefonica SA had a return on equity of 29.02% and a net margin of 5.18%. Equities analysts forecast that Telefonica SA will post $0.89 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. increased its position in shares of Telefonica SA by 11.0% in the first quarter. Macquarie Group Ltd. now owns 6,756,516 shares of the utilities provider’s stock worth $75,605,000 after buying an additional 667,294 shares during the last quarter. Mondrian Investment Partners LTD increased its position in shares of Telefonica SA by 32.8% in the first quarter. Mondrian Investment Partners LTD now owns 3,575,537 shares of the utilities provider’s stock worth $40,010,000 after buying an additional 884,000 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Telefonica SA by 7.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,738,727 shares of the utilities provider’s stock worth $19,456,000 after buying an additional 124,263 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Telefonica SA by 66.7% in the first quarter. Parametric Portfolio Associates LLC now owns 1,242,151 shares of the utilities provider’s stock worth $13,900,000 after buying an additional 497,190 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Telefonica SA by 5.8% in the first quarter. UBS Group AG now owns 1,055,165 shares of the utilities provider’s stock worth $11,807,000 after buying an additional 57,407 shares during the last quarter. 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).

Analyst Recommendations for Telefonica SA (NYSE:TEF)

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