Telefónica (NYSE:TEF) Stock Rating Upgraded by Hsbc Global Res

Hsbc Global Res upgraded shares of Telefónica (NYSE:TEF) to a hold rating in a report published on Wednesday, Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Bank of America downgraded Telefónica from a buy rating to a neutral rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Telefónica from a hold rating to a sell rating in a report on Thursday, June 13th. HSBC upgraded shares of Telefónica from a reduce rating to a hold rating in a research report on Wednesday. StockNews.com lowered Telefónica from a buy rating to a hold rating in a research report on Friday. Finally, New Street Research cut Telefónica from a strong-buy rating to a hold rating in a research note on Friday, July 5th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold.

Telefónica Price Performance

Shares of Telefónica stock opened at $4.75 on Wednesday. The firm has a market cap of $26.93 billion, a PE ratio of -29.69 and a beta of 0.67. The company’s fifty day simple moving average is $4.63 and its two-hundred day simple moving average is $4.48. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.37. Telefónica has a 12-month low of $3.71 and a 12-month high of $4.93.

Telefónica (NYSE:TEF) last posted its earnings results on Wednesday, July 31st. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $11.04 billion for the quarter, compared to analysts’ expectations of $10.85 billion. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. As a group, equities analysts expect that Telefónica will post 0.34 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nia Impact Advisors LLC bought a new stake in Telefónica in the second quarter worth $3,645,000. Natixis Advisors LLC boosted its stake in 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. Morningstar Investment Services LLC grew its position in Telefónica by 101.0% during the 4th quarter. Morningstar Investment Services LLC now owns 197,962 shares of the utilities provider’s stock valued at $774,000 after purchasing an additional 99,488 shares during the last quarter. Blair William & Co. IL bought a new stake in Telefónica during the 1st quarter valued at about $295,000. Finally, BNP Paribas Financial Markets raised its holdings in Telefónica by 131.4% in the first quarter. BNP Paribas Financial Markets now owns 99,812 shares of the utilities provider’s stock worth $440,000 after buying an additional 56,683 shares during the last quarter. Institutional investors 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.