Telefónica (NYSE:TEF) PT Lowered to €2.50 at JPMorgan Chase & Co.

Telefónica (NYSE:TEFGet Rating) had its target price trimmed by JPMorgan Chase & Co. from €2.70 ($2.87) to €2.50 ($2.66) in a research note issued to investors on Thursday morning, The Fly reports. The brokerage currently has an underweight rating on the utilities provider’s stock.

A number of other equities research analysts have also issued reports on TEF. Barclays lifted their target price on Telefónica from €3.90 ($4.15) to €4.10 ($4.36) in a research report on Monday, November 7th. The Goldman Sachs Group raised shares of Telefónica from a neutral rating to a buy rating in a research report on Wednesday, December 14th. StockNews.com raised shares of Telefónica from a hold rating to a buy rating in a research report on Tuesday, December 13th. Finally, Credit Suisse Group boosted their price target on shares of Telefónica from €4.10 ($4.36) to €4.20 ($4.47) and gave the stock a neutral rating in a research report on Thursday, November 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Telefónica currently has a consensus rating of Hold and a consensus price target of $4.00.

Telefónica Stock Performance

TEF opened at $3.70 on Thursday. The company has a market capitalization of $21.37 billion, a price-to-earnings ratio of 370.37 and a beta of 0.61. The business’s 50-day moving average price is $3.60 and its two-hundred day moving average price is $3.94. Telefónica has a 1 year low of $3.10 and a 1 year high of $5.39. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.98 and a quick ratio of 0.90.

Telefónica Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Wednesday, December 14th were given a dividend of $0.1553 per share. This is a positive change from Telefónica’s previous semi-annual dividend of $0.10. This represents a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, December 13th. Telefónica’s dividend payout ratio is 2,302.30%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TEF. Jane Street Group LLC raised its holdings in shares of Telefónica by 146.4% in the 3rd quarter. Jane Street Group LLC now owns 2,114,241 shares of the utilities provider’s stock valued at $6,850,000 after purchasing an additional 1,256,172 shares during the period. Lake Street Advisors Group LLC raised its stake in Telefónica by 63.9% in the third quarter. Lake Street Advisors Group LLC now owns 37,289 shares of the utilities provider’s stock valued at $121,000 after buying an additional 14,531 shares during the period. Engineers Gate Manager LP lifted its position in shares of Telefónica by 42.4% in the third quarter. Engineers Gate Manager LP now owns 18,936 shares of the utilities provider’s stock valued at $61,000 after buying an additional 5,636 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Telefónica by 32.7% during the 3rd quarter. Royal Bank of Canada now owns 2,296,112 shares of the utilities provider’s stock worth $7,439,000 after acquiring an additional 566,352 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Telefónica during the 3rd quarter worth approximately $1,087,000. Institutional investors own 6.13% of the company’s stock.

Telefónica Company Profile

(Get Rating)

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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