Telefonica (TEF) Downgraded by Berenberg Bank to “Hold”
Berenberg Bank cut shares of Telefonica (NYSE:TEF) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports.
Other equities analysts have also recently issued reports about the stock. TheStreet raised shares of Telefonica from a c+ rating to a b- rating in a report on Monday, December 17th. UBS Group reissued a buy rating on shares of Telefonica in a research note on Wednesday, January 16th. Zacks Investment Research raised shares of Telefonica from a hold rating to a buy rating and set a $9.50 price objective on the stock in a research note on Monday, December 31st. Citigroup raised shares of Telefonica to a buy rating in a research note on Friday, December 14th. Finally, ValuEngine raised shares of Telefonica from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $9.75.
Shares of Telefonica stock opened at $8.65 on Tuesday. The firm has a market capitalization of $44.91 billion, a PE ratio of 10.30 and a beta of 0.69. Telefonica has a 12 month low of $7.70 and a 12 month high of $10.22. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.73 and a current ratio of 0.79.
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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