Telefónica, S.A. (NYSE:TEF) Receives Consensus Rating of “Reduce” from Brokerages

Telefónica, S.A. (NYSE:TEF) has earned a consensus rating of “Reduce” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company.

Separately, StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th.

Institutional Investors Weigh In On Telefónica

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Callan Family Office LLC bought a new stake in Telefónica during the 4th quarter valued at $44,000. Sanctuary Advisors LLC bought a new stake in Telefónica during the 3rd quarter valued at $45,000. Drive Wealth Management LLC bought a new stake in Telefónica during the 4th quarter valued at $45,000. Prospect Financial Group LLC bought a new stake in Telefónica during the 4th quarter valued at $45,000. Finally, Merit Financial Group LLC bought a new stake in Telefónica during the 4th quarter valued at $47,000. 1.14% of the stock is currently owned by institutional investors.

Telefónica Stock Performance

Shares of Telefónica stock opened at $4.32 on Thursday. Telefónica has a 52-week low of $3.82 and a 52-week high of $4.93. The company has a fifty day moving average of $4.12 and a 200-day moving average of $4.44. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33.

Telefónica Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, January 10th. Investors of record on Wednesday, December 18th were issued a dividend of $0.1576 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a yield of 5.2%. Telefónica’s dividend payout ratio is currently -84.62%.

Telefónica Company Profile

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.