Telefonica (TEF) Rating Increased to Outperform at Citigroup

Citigroup upgraded shares of Telefonica (NYSE:TEF) to an outperform rating in a research report report published on Wednesday morning, The Fly reports. The analysts noted that the move was a valuation call.

Other equities analysts also recently issued research reports about the company. Sanford C. Bernstein downgraded Telefonica from a market perform rating to an underperform rating in a research report on Monday, December 11th. Barclays raised Telefonica from an underweight rating to an equal weight rating in a research report on Friday, October 20th. Berenberg Bank raised Telefonica from a hold rating to a buy rating in a research report on Wednesday, September 27th. Zacks Investment Research downgraded Telefonica from a buy rating to a hold rating in a research report on Tuesday, September 26th. Finally, ValuEngine downgraded Telefonica from a strong-buy rating to a buy rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $11.70.

Telefonica (NYSE:TEF) traded down $0.02 during midday trading on Wednesday, hitting $10.02. The stock had a trading volume of 1,107,892 shares, compared to its average volume of 1,034,700. The company has a market cap of $52,400.00, a P/E ratio of 20.04 and a beta of 1.29. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.79. Telefonica has a 52-week low of $9.37 and a 52-week high of $11.64.

Telefonica (NYSE:TEF) last released its earnings results on Thursday, October 26th. The utilities provider reported $0.23 earnings per share for the quarter. Telefonica had a return on equity of 29.25% and a net margin of 4.95%. research analysts expect that Telefonica will post 0.86 EPS for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th were given a $0.2383 dividend. This represents a yield of 4.67%. The ex-dividend date was Tuesday, December 12th. Telefonica’s dividend payout ratio (DPR) is presently 70.00%.

A number of institutional investors have recently made changes to their positions in TEF. Bank of New York Mellon Corp grew its position in Telefonica by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 180,198 shares of the utilities provider’s stock valued at $1,872,000 after acquiring an additional 7,317 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Telefonica by 42.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 21,212 shares of the utilities provider’s stock valued at $220,000 after acquiring an additional 6,328 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Telefonica by 0.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 118 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Telefonica by 80.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 94,776 shares of the utilities provider’s stock worth $984,000 after buying an additional 42,249 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Telefonica by 15.8% in the 2nd quarter. Wells Fargo & Company MN now owns 376,449 shares of the utilities provider’s stock worth $3,912,000 after buying an additional 51,326 shares during the period. 0.91% of the stock is currently owned by institutional investors.

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Telefonica Company Profile

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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