StockNews.com Lowers Telefónica (NYSE:TEF) to Hold

StockNews.com downgraded shares of Telefónica (NYSE:TEF) from a buy rating to a hold rating in a report released on Tuesday morning.

Telefónica Price Performance

Telefónica stock opened at $4.46 on Tuesday. The firm has a 50-day moving average price of $4.37 and a 200-day moving average price of $4.17. The firm has a market capitalization of $25.73 billion, a PE ratio of -27.84 and a beta of 0.69. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. Telefónica has a 12-month low of $3.71 and a 12-month high of $4.59.

Telefónica (NYSE:TEF) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $10.93 billion during the quarter, compared to analyst estimates of $12.09 billion. Telefónica had a negative net margin of 1.57% and a positive return on equity of 7.84%. During the same quarter last year, the business earned $0.12 EPS. As a group, equities research analysts forecast that Telefónica will post 0.33 EPS for the current year.

Institutional Investors Weigh In On Telefónica

Institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in Telefónica by 5.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 52,101 shares of the utilities provider’s stock valued at $212,000 after buying an additional 2,837 shares in the last quarter. First Affirmative Financial Network lifted its holdings in Telefónica by 5.0% during the 1st quarter. First Affirmative Financial Network now owns 64,102 shares of the utilities provider’s stock valued at $283,000 after buying an additional 3,038 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Telefónica by 113.9% during the 1st quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock valued at $26,000 after buying an additional 3,135 shares in the last quarter. Gallacher Capital Management LLC lifted its holdings in Telefónica by 4.4% during the 3rd quarter. Gallacher Capital Management LLC now owns 79,576 shares of the utilities provider’s stock valued at $324,000 after buying an additional 3,390 shares in the last quarter. Finally, 180 Wealth Advisors LLC lifted its holdings in Telefónica by 11.4% during the 1st quarter. 180 Wealth Advisors LLC now owns 39,655 shares of the utilities provider’s stock valued at $175,000 after buying an additional 4,050 shares in the last quarter. Institutional investors own 1.14% of the company’s stock.

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.