Shares of Telefónica, S.A. (NYSE:TEF – Get Rating) have been assigned an average recommendation of "Hold" from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $4.00.
A number of equities research analysts have recently issued reports on TEF shares. Credit Suisse Group boosted their target price on Telefónica from €4.10 ($4.46) to €4.20 ($4.57) and gave the stock a "neutral" rating in a research report on Thursday, November 17th. Barclays boosted their target price on Telefónica from €3.90 ($4.24) to €4.10 ($4.46) in a research report on Monday, November 7th. StockNews.com upgraded Telefónica from a "hold" rating to a "buy" rating in a report on Tuesday, December 13th. JPMorgan Chase & Co. lowered their price target on Telefónica from €2.70 ($2.93) to €2.50 ($2.72) and set an "underweight" rating on the stock in a report on Thursday, January 5th. Finally, The Goldman Sachs Group upgraded Telefónica from a "neutral" rating to a "buy" rating in a report on Wednesday, December 14th.
Get Telefónica alerts:Telefónica Stock Up 1.6 %
Shares of Telefónica stock opened at $3.91 on Friday. The business's fifty day moving average price is $3.67 and its two-hundred day moving average price is $3.85. 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 capitalization of $22.58 billion, a P/E ratio of 391.39 and a beta of 0.61. Telefónica has a 1-year low of $3.10 and a 1-year high of $5.39.
Telefónica (NYSE:TEF – Get Rating) last posted its quarterly earnings data on Friday, November 4th. The utilities provider reported $0.02 EPS for the quarter. Telefónica had a return on equity of 5.72% and a net margin of 0.53%. The company had revenue of $10.42 billion for the quarter. As a group, research analysts forecast that Telefónica will post 0.34 EPS for the current year.Telefónica Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Wednesday, December 14th were given a $0.1553 dividend. The ex-dividend date of this dividend was Tuesday, December 13th. This represents a dividend yield of 3.1%. This is a boost from Telefónica's previous semi-annual dividend of $0.10. Telefónica's payout ratio is currently 2,302.30%.
Institutional Trading of Telefónica
A number of institutional investors and hedge funds have recently made changes to their positions in TEF. Ronald Blue Trust Inc. acquired a new stake in shares of Telefónica in the second quarter worth about $39,000. Park Avenue Securities LLC acquired a new position in shares of Telefónica during the 3rd quarter worth about $42,000. Prudential Financial Inc. acquired a new position in shares of Telefónica during the 3rd quarter worth about $42,000. Wolverine Trading LLC acquired a new position in shares of Telefónica during the 3rd quarter worth about $45,000. Finally, Captrust Financial Advisors lifted its position in shares of Telefónica by 88.3% during the 1st quarter. Captrust Financial Advisors now owns 10,116 shares of the utilities provider's stock worth $49,000 after purchasing an additional 4,743 shares during the last quarter. Institutional investors and hedge funds own 6.13% of the company's stock.
About Telefónica
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Telefónica SA engages in the provision of communication, information and entertainment solutions. It operates through the following brands: Telefónica, Movistar, O2, and Vivo. The company was founded on April 19, 1924 and is headquartered in Madrid, Spain.
Further Reading
- Get a free copy of the StockNews.com research report on Telefónica (TEF)
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