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.

A number of institutional investors and hedge funds have recently made changes to their positions in TEF. Legacy Financial Advisors Inc. increased its stake in Telefonica by 83.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,933 shares of the utilities provider’s stock valued at $25,000 after buying an additional 1,333 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Telefonica by 69.0% during the 4th quarter. Proficio Capital Partners LLC now owns 3,552 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 1,450 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Telefonica during the 3rd quarter worth $88,000. Quadrant Capital Group LLC boosted its position in shares of Telefonica by 287.9% during the 4th quarter. Quadrant Capital Group LLC now owns 13,839 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 10,271 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Telefonica by 18.7% during the 4th quarter. Creative Planning now owns 13,761 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 2,169 shares in the last quarter. 0.97% of the stock is currently owned by institutional investors.

About Telefonica

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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