The Telefonica SA (TEF) Downgraded to "Buy" at ValuEngine

Lester Mason
September 17, 2017

JP Morgan has downgraded Telefonica S.A. (NYSE:TEF) from Overweight to Neutral in a report released on Tuesday September 05, 2017. Raymond James Trust N.A. now owns 13,452 shares of the utilities provider's stock worth $139,000 after purchasing an additional 3,252 shares during the period.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its position in shares of Telefonica SA by 43.9% during the first quarter. Janney Montgomery Scott LLC now owns 20,728 shares of the Wireless communications provider's stock worth $308,000 after acquiring an additional 2,514 shares during the last quarter. Eagle Ridge Investment Management purchased a new stake in shares of Telefonica SA in the second quarter valued at $114,000. Baird Financial Group, Inc. claims 258,683 shares worth $3,490,000. Private Advisor Group LLC now owns 13,379 shares of the utilities provider's stock valued at $148,000 after buying an additional 1,842 shares in the last quarter. Comerica Bank now owns 65,552 shares of the Wireless communications provider's stock worth $963,000 after purchasing an additional 344 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Telefonica SA by 31.9% in the second quarter. Veritable L.P. increased its position in Telefonica Brasil by 1.0% during the 2nd quarter.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded shares of Telefonica Brasil from a "hold" rating to a "buy" rating and set a $16.00 target price for the company in a research report on Wednesday, May 31st. J P Morgan Chase & Co set a €11.30 ($13.45) price objective on shares of Telefonica SA and gave the stock a "buy" rating in a research report on Wednesday, June 14th.

ValuEngine cut shares of Telefonica SA (NYSE:TEF) from a strong-buy rating to a buy rating in a report issued on Friday morning. Research Firm Zacks boosted Telefonica from a "strong sell" recommendation to a "hold" recommendation in a study on Thurs, Jul 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating on the company. The stock has an average rating of "Hold" and a consensus price target of $15.33.

Investors are a little more bullish on shares of Telefonica Brasil, S.A. ADS lately if you take note of the decrease in short interest.

Telefonica SA (TEF) opened at 10.57 on Thursday.

Telefonica S.A. has price-earnings ratio of 18.17 with a one year low of $8.15 and a 52 week high of $11.64 and has a market cap of $0. The stock's 50 day moving average is $15.09 and its 200-day moving average is $14.61. Barclays Capital maintained Telefonica Brasil SA (ADR) (NYSE:VIV) rating on Tuesday, October 6. The utilities provider posted $0.16 Earnings per share for the period, falling below brokerage firms expectations of $0.18 by $0.02. The company had revenue of $3.33 billion for the quarter. Telefonica SA had a return on equity of 29.02% and a net margin of 5.18%. Next quarter's EPS is estimated at $0.25 and the next full year EPS is anticipated to be $1.07.

Telefonica Brasil S.A., launched on May 22, 1998, is a mobile telecommunications company in Brazil offering postpaid mobile services. The Firm also operates as a fixed telecommunications firm in the state of Sao Paulo. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband (UBB) (based on its Fiber to the Home (FTTH) and Fiber to the Curb (FTTC) infrastructure), Pay television, information technology and digital services (such as entertainment, cloud and financial services).

Other reports by Iphone Fresh

Discuss This Article