Analysts Set Telefónica, S.A. (NYSE:TEF) Target Price at $4.00

Shares of Telefónica, S.A. (NYSE:TEF – Get Rating) have received a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $4.00.

Several research firms have commented on TEF. The Goldman Sachs Group raised shares of Telefónica from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 14th. Deutsche Bank Aktiengesellschaft lowered shares of Telefónica from a “buy” rating to a “hold” rating in a research report on Monday, February 20th. StockNews.com began coverage on shares of Telefónica in a research report on Thursday. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of Telefónica from €2.70 ($2.90) to €2.50 ($2.69) and set an “underweight” rating for the company in a research report on Thursday, January 5th.

Institutional Trading of Telefónica

Institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new position in shares of Telefónica during the fourth quarter valued at approximately $36,000. AlphaQ Advisors LLC bought a new position in shares of Telefónica during the fourth quarter valued at approximately $36,000. Ronald Blue Trust Inc. bought a new position in shares of Telefónica during the second quarter valued at approximately $39,000. Naviter Wealth LLC bought a new position in shares of Telefónica during the fourth quarter valued at approximately $40,000. Finally, United Capital Financial Advisers LLC bought a new position in shares of Telefónica during the fourth quarter valued at approximately $41,000. 6.13% of the stock is currently owned by hedge funds and other institutional investors.

Telefónica Stock Performance

Shares of TEF opened at $3.93 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.98 and a quick ratio of 0.91. The stock has a 50-day moving average of $3.95 and a 200-day moving average of $3.70. The company has a market cap of $22.70 billion, a PE ratio of 11.56 and a beta of 0.59. Telefónica has a one year low of $3.10 and a one year high of $5.39.

Telefónica (NYSE:TEF – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The utilities provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $10.42 billion during the quarter, compared to the consensus estimate of $10.56 billion. Telefónica had a return on equity of 6.53% and a net margin of 5.07%. On average, equities research analysts predict that Telefónica will post 0.26 EPS for the current fiscal year.

Telefónica Company Profile

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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.