Telefónica, S.A. (NYSE:TEF – Get Rating) has been given an average recommendation of “Hold” by the six analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $3.60.
Several brokerages recently commented on TEF. Deutsche Bank Aktiengesellschaft downgraded shares of Telefónica from a “buy” rating to a “hold” rating in a report on Monday, February 20th. BNP Paribas upgraded Telefónica from an “underperform” rating to an “outperform” rating in a report on Thursday, March 30th. TheStreet raised shares of Telefónica from a “c” rating to a “b” rating in a research report on Friday, May 5th. Finally, StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a report on Saturday, May 20th.
Telefónica Trading Down 3.3 %
Shares of NYSE:TEF opened at $3.86 on Tuesday. The firm has a fifty day moving average of $4.27 and a two-hundred day moving average of $4.03. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 1.13. Telefónica has a 12-month low of $3.10 and a 12-month high of $5.15. The firm has a market capitalization of $22.29 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 0.55 and a beta of 0.62.
Telefónica (NYSE:TEF – Get Rating) last announced its quarterly earnings results on Thursday, May 11th. The utilities provider reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. Telefónica had a net margin of 3.92% and a return on equity of 6.14%. The company had revenue of $10.78 billion for the quarter, compared to analyst estimates of $9.68 billion. On average, equities analysts expect that Telefónica will post 0.35 EPS for the current fiscal year.
Telefónica Cuts Dividend
The company also recently announced a Semi-Annual dividend, which will be paid on Wednesday, July 5th. Investors of record on Wednesday, June 14th will be given a dividend of $0.118 per share. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 13th. Telefónica’s dividend payout ratio (DPR) is currently 100.00%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its holdings in Telefónica by 44.1% in the first quarter. Bank of America Corp DE now owns 9,594,897 shares of the utilities provider’s stock valued at $41,066,000 after acquiring an additional 2,934,188 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Telefónica by 32.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,943,536 shares of the utilities provider’s stock valued at $33,329,000 after purchasing an additional 1,689,076 shares during the last quarter. BlackRock Inc. grew its position in shares of Telefónica by 12.5% during the 1st quarter. BlackRock Inc. now owns 5,401,407 shares of the utilities provider’s stock worth $23,118,000 after buying an additional 600,162 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Telefónica by 15.1% in the second quarter. Goldman Sachs Group Inc. now owns 4,977,734 shares of the utilities provider’s stock valued at $25,536,000 after buying an additional 652,477 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Telefónica by 46.5% in the first quarter. Pacer Advisors Inc. now owns 4,507,053 shares of the utilities provider’s stock valued at $19,290,000 after acquiring an additional 1,430,433 shares during the last quarter. 1.22% of the stock is owned by institutional investors and hedge funds.
About Telefónica
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.