Telefonica (TEF) Cut to Buy at ValuEngine
ValuEngine downgraded shares of Telefonica (NYSE:TEF) from a strong-buy rating to a buy rating in a research note issued to investors on Friday.
A number of other research analysts have also issued reports on TEF. DZ Bank reiterated a neutral rating on shares of Telefonica in a report on Wednesday, January 24th. Zacks Investment Research downgraded Telefonica from a buy rating to a hold rating in a report on Wednesday, October 18th. Barclays raised Telefonica from an underweight rating to an equal weight rating in a report on Friday, October 20th. Credit Suisse Group downgraded Telefonica to a hold rating in a report on Friday, January 19th. Finally, Raymond James Financial raised Telefonica from a market perform rating to an outperform rating in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Telefonica presently has a consensus rating of Hold and a consensus price target of $11.70.
Telefonica (NYSE TEF) opened at $9.51 on Friday. The stock has a market capitalization of $52,290.00, a price-to-earnings ratio of 18.29 and a beta of 1.27. Telefonica has a fifty-two week low of $9.37 and a fifty-two week high of $11.64. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 1.79.
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).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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