Raymond James Financial upgraded shares of Telefonica (NYSE:TEF) from a market perform rating to an outperform rating in a report issued on Wednesday morning, MarketBeat reports.

A number of other brokerages have also weighed in on TEF. Zacks Investment Research raised shares of Telefonica from a hold rating to a buy rating and set a $12.00 price target for the company in a research note on Monday, October 16th. Berenberg Bank raised shares of Telefonica from a hold rating to a buy rating in a research note on Wednesday, September 27th. Barclays raised shares of Telefonica from an underweight rating to an equal weight rating in a research note on Friday, October 20th. Citigroup raised shares of Telefonica to an outperform rating in a research note on Wednesday. They noted that the move was a valuation call. Finally, Sanford C. Bernstein lowered shares of Telefonica from a market perform rating to an underperform rating in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $11.70.

Shares of Telefonica (NYSE TEF) traded up $0.04 during trading hours on Wednesday, hitting $10.06. 553,368 shares of the stock were exchanged, compared to its average volume of 880,573. The firm has a market cap of $50,478.80, a price-to-earnings ratio of 5.89 and a beta of 1.30. Telefonica has a 12 month low of $9.37 and a 12 month high of $11.64. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.79.

Telefonica (NYSE:TEF) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.23 earnings per share for the quarter. Telefonica had a net margin of 4.95% and a return on equity of 29.25%. equities analysts forecast that Telefonica will post 0.86 earnings per share for the current fiscal year.

The firm also recently announced a semiannual dividend, which was paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th were paid a dividend of $0.2383 per share. This represents a yield of 4.67%. The ex-dividend date of this dividend was Tuesday, December 12th. Telefonica’s dividend payout ratio is presently 70.00%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC acquired a new position in shares of Telefonica during the 3rd quarter worth $110,000. Advisor Group Inc. increased its position in Telefonica by 3.1% in the 2nd quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock valued at $138,000 after acquiring an additional 406 shares in the last quarter. Raymond James Trust N.A. increased its position in Telefonica by 31.9% in the 2nd quarter. Raymond James Trust N.A. now owns 13,452 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 3,252 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Telefonica by 0.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 118 shares in the last quarter. Finally, St. James Investment Company LLC acquired a new stake in Telefonica in the 3rd quarter valued at about $160,000. 0.91% of the stock is owned by institutional investors and hedge funds.

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Telefonica Company Profile

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 (NYSE:TEF)

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