Telefonica SA (TEF) Downgraded by Barclays PLC

Barclays PLC downgraded shares of Telefonica SA (NYSE:TEF) from an equal weight rating to an underweight rating in a research report released on Friday, May 12th, MarketBeat.com reports.

Several other research analysts have also issued reports on TEF. Zacks Investment Research upgraded shares of Telefonica SA from a sell rating to a buy rating and set a $11.00 price target for the company in a research note on Tuesday, February 14th. Bank of America Corporation raised shares of Telefonica SA from a neutral rating to a buy rating in a research report on Wednesday, March 1st. Finally, Deutsche Bank AG raised shares of Telefonica SA from a hold rating to a buy rating and increased their price objective for the company from $8.50 to $11.40 in a research report on Thursday, March 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. Telefonica SA currently has an average rating of Hold and an average price target of $10.69.

Shares of Telefonica SA (NYSE:TEF) traded up 1.50% during mid-day trading on Friday, hitting $10.80. 1,257,045 shares of the company’s stock traded hands. Telefonica SA has a 52 week low of $8.15 and a 52 week high of $11.64. The firm has a 50-day moving average of $11.19 and a 200 day moving average of $10.33. The company has a market cap of $54.67 billion, a PE ratio of 20.93 and a beta of 1.40.

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The business also recently disclosed a dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.168 per share. The ex-dividend date of this dividend is Tuesday, June 13th. Telefonica SA’s dividend payout ratio (DPR) is currently 96.16%.

A number of large investors have recently modified their holdings of the stock. Sei Investments Co. raised its stake in shares of Telefonica SA by 31.4% in the third quarter. Sei Investments Co. now owns 10,905 shares of the utilities provider’s stock worth $110,000 after buying an additional 2,607 shares in the last quarter. Private Advisor Group LLC increased its position in Telefonica SA by 7.9% in the fourth quarter. Private Advisor Group LLC now owns 11,537 shares of the utilities provider’s stock valued at $111,000 after buying an additional 845 shares in the last quarter. Johnson Investment Counsel Inc. purchased a new position in Telefonica SA during the third quarter valued at approximately $112,000. Raymond James Trust N.A. purchased a new position in Telefonica SA during the first quarter valued at approximately $114,000. Finally, Fox Run Management L.L.C. purchased a new position in Telefonica SA during the first quarter valued at approximately $139,000. Hedge funds and other institutional investors own 0.95% of the company’s stock.

About Telefonica SA

Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

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