Telefónica, S.A. (NYSE:TEF – Get Rating) has received an average rating of "Moderate Buy" from the seven ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $4.05.
Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Telefónica from €2.90 ($3.09) to €2.70 ($2.87) in a research note on Tuesday, November 8th. StockNews.com upgraded Telefónica from a "hold" rating to a "buy" rating in a research report on Tuesday, December 13th. Barclays lifted their price target on Telefónica from €3.90 ($4.15) to €4.10 ($4.36) in a research note on Monday, November 7th. Credit Suisse Group lifted their price target on Telefónica from €4.10 ($4.36) to €4.20 ($4.47) and gave the stock a "neutral" rating in a research note on Thursday, November 17th. Finally, The Goldman Sachs Group raised Telefónica from a "neutral" rating to a "buy" rating in a research note on Wednesday, December 14th.
Get Telefónica alerts:Institutional Investors Weigh In On Telefónica
Institutional investors and hedge funds have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its holdings in Telefónica by 27.0% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 72,664 shares of the utilities provider's stock worth $349,000 after purchasing an additional 15,459 shares during the period. Raymond James & Associates increased its holdings in Telefónica by 1.2% during the 1st quarter. Raymond James & Associates now owns 243,816 shares of the utilities provider's stock worth $1,170,000 after purchasing an additional 2,876 shares during the period. Bank of New York Mellon Corp increased its holdings in Telefónica by 11.9% during the 1st quarter. Bank of New York Mellon Corp now owns 108,842 shares of the utilities provider's stock worth $522,000 after purchasing an additional 11,579 shares during the period. American Century Companies Inc. increased its holdings in Telefónica by 13.3% during the 1st quarter. American Century Companies Inc. now owns 433,905 shares of the utilities provider's stock worth $2,083,000 after purchasing an additional 50,782 shares during the period. Finally, US Bancorp DE increased its holdings in Telefónica by 12.5% during the 1st quarter. US Bancorp DE now owns 176,949 shares of the utilities provider's stock worth $848,000 after purchasing an additional 19,650 shares during the period. Hedge funds and other institutional investors own 6.13% of the company's stock.
Telefónica Price Performance
Shares of TEF stock opened at $3.55 on Tuesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.90. The company has a market cap of $20.50 billion, a P/E ratio of 355.36 and a beta of 0.62. The stock's 50-day moving average is $3.55 and its 200 day moving average is $3.99. Telefónica has a 1-year low of $3.10 and a 1-year high of $5.39.Telefónica Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, January 3rd. Investors of record on Wednesday, December 14th will be issued a $0.1553 dividend. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 13th. This is an increase from Telefónica's previous semi-annual dividend of $0.10. Telefónica's payout ratio is currently 2,202.20%.
Telefónica Company Profile
(Get Rating)
Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe 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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