Telefónica, S.A. (NYSE:TEF) Given Average Rating of “Reduce” by Brokerages

Shares of Telefónica, S.A. (NYSE:TEF) have earned an average rating of “Reduce” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company.

A number of research analysts have issued reports on TEF shares. Hsbc Global Res raised shares of Telefónica to a “hold” rating in a research note on Wednesday, October 2nd. HSBC raised Telefónica from a “reduce” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a report on Thursday, December 12th.

Telefónica Stock Performance

Shares of TEF opened at $4.06 on Wednesday. The firm has a fifty day moving average of $4.51 and a 200-day moving average of $4.53. The company has a market cap of $23.02 billion, a price-to-earnings ratio of -15.62 and a beta of 0.66. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. Telefónica has a 1 year low of $3.82 and a 1 year high of $4.93.

Telefónica Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, January 10th. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.1576 per share. The ex-dividend date is Wednesday, December 18th. This represents a dividend yield of 5.2%. Telefónica’s dividend payout ratio (DPR) is -84.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC grew its holdings in Telefónica by 8.3% during the third quarter. FMR LLC now owns 1,898,978 shares of the utilities provider’s stock worth $9,229,000 after acquiring an additional 146,259 shares during the period. American Century Companies Inc. boosted its position in shares of Telefónica by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 1,258,793 shares of the utilities provider’s stock valued at $5,300,000 after purchasing an additional 4,949 shares in the last quarter. Nia Impact Advisors LLC acquired a new position in shares of Telefónica in the 2nd quarter worth approximately $3,645,000. Natixis Advisors LLC raised its holdings in shares of Telefónica by 81.2% in the 2nd quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock worth $2,933,000 after purchasing an additional 312,113 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in Telefónica by 5.2% during the third quarter. Crossmark Global Holdings Inc. now owns 394,217 shares of the utilities provider’s stock valued at $1,916,000 after purchasing an additional 19,539 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

About Telefónica

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.