Jefferies Financial Group upgraded shares of Telefonica (NYSE:TEF) from a hold rating to a buy rating in a research report sent to investors on Friday, MarketBeat.com reports. Jefferies Financial Group also issued estimates for Telefonica’s FY2019 earnings at $0.93 EPS and FY2020 earnings at $1.04 EPS.

Several other research analysts have also recently weighed in on TEF. Zacks Investment Research cut Telefonica from a hold rating to a strong sell rating in a research report on Monday, April 30th. ValuEngine cut Telefonica from a hold rating to a sell rating in a research report on Saturday, June 2nd. Morgan Stanley raised Telefonica to a buy rating in a research report on Wednesday, June 13th. TheStreet cut Telefonica from a b- rating to a c+ rating in a research report on Monday, June 25th. Finally, Goldman Sachs Group cut Telefonica from a buy rating to a neutral rating in a research report on Friday, July 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. Telefonica has an average rating of Hold and an average price target of $11.00.

Shares of NYSE:TEF opened at $8.51 on Friday. The company has a market cap of $44.29 billion, a P/E ratio of 10.13 and a beta of 1.13. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.65 and a current ratio of 0.70. Telefonica has a 12-month low of $8.41 and a 12-month high of $11.16.

Telefonica (NYSE:TEF) last announced its earnings results on Thursday, July 26th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The company had revenue of $14.49 billion for the quarter. Telefonica had a return on equity of 16.12% and a net margin of 6.52%. research analysts predict that Telefonica will post 0.93 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of TEF. Wells Fargo & Company MN lifted its position in shares of Telefonica by 35.2% during the 1st quarter. Wells Fargo & Company MN now owns 557,337 shares of the utilities provider’s stock valued at $5,501,000 after buying an additional 144,966 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Telefonica by 73.1% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 45,000 shares of the utilities provider’s stock valued at $444,000 after buying an additional 19,000 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in shares of Telefonica by 44.2% during the 1st quarter. Wetherby Asset Management Inc. now owns 47,054 shares of the utilities provider’s stock valued at $464,000 after buying an additional 14,418 shares during the last quarter. Aperio Group LLC lifted its position in shares of Telefonica by 45.3% during the 1st quarter. Aperio Group LLC now owns 1,305,052 shares of the utilities provider’s stock valued at $12,881,000 after buying an additional 406,825 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in shares of Telefonica during the 1st quarter valued at $111,000. 0.80% of the stock is currently owned by institutional investors and hedge funds.

Telefonica Company Profile

Telefónica, SA provides mobile and fixed communication services primarily in the European Union and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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Analyst Recommendations for Telefonica (NYSE:TEF)

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