Telefónica (NYSE:TEF – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.
Other equities research analysts also recently issued reports about the company. Bank of America downgraded Telefónica from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. HSBC raised Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Hsbc Global Res upgraded Telefónica to a “hold” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.
Get Our Latest Stock Report on TEF
Telefónica Stock Up 0.2 %
Institutional Investors Weigh In On Telefónica
Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in Telefónica by 171.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 3,590 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Telefónica by 113.9% during the 1st quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 3,135 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Telefónica in the 1st quarter valued at about $34,000. Aaron Wealth Advisors LLC bought a new position in shares of Telefónica in the second quarter worth about $45,000. Finally, GAMMA Investing LLC lifted its position in shares of Telefónica by 92.3% during the third quarter. GAMMA Investing LLC now owns 16,039 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 7,697 shares in the last quarter. 1.14% of the stock is currently owned by institutional investors.
About Telefónica
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.
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