Telefónica (NYSE:TEF) Stock Rating Upgraded by StockNews.com

Telefónica (NYSE:TEF) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

Several other equities analysts have also recently weighed in on TEF. Hsbc Global Res raised Telefónica to a “hold” rating in a report on Wednesday, October 2nd. HSBC upgraded Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Telefónica Price Performance

NYSE TEF opened at $4.42 on Thursday. The business’s fifty day moving average price is $4.58 and its 200-day moving average price is $4.54. The stock has a market capitalization of $25.03 billion, a price-to-earnings ratio of -16.88 and a beta of 0.66. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81. Telefónica has a 1-year low of $3.82 and a 1-year high of $4.93.

Institutional Investors Weigh In On Telefónica

A number of institutional investors have recently bought and sold shares of TEF. Wedmont Private Capital purchased a new stake in Telefónica in the 2nd quarter worth $76,000. Blue Trust Inc. increased its stake in Telefónica by 171.1% in the 2nd quarter. Blue Trust Inc. now owns 33,686 shares of the utilities provider’s stock worth $149,000 after buying an additional 21,260 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in shares of Telefónica during the second quarter valued at about $45,000. Bank of New York Mellon Corp grew its position in shares of Telefónica by 21.5% during the second quarter. Bank of New York Mellon Corp now owns 115,212 shares of the utilities provider’s stock valued at $485,000 after purchasing an additional 20,393 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Telefónica by 295.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 30,200 shares of the utilities provider’s stock valued at $127,000 after purchasing an additional 22,572 shares in the last quarter. Hedge funds and other 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.