Is Telefonica (NYSE:TEF) Now Worth Your Time and Dime After a Recent Morgan Stanley Upgrade?

June 13, 2018 - By Henry Gaston

Telefónica, S.A. (NYSE:TEF) Logo

Telefonica (NYSE:TEF) Stock Upgrade

Morgan Stanley upgraded Telefonica (NYSE:TEF) shares to a Buy rating in analysts report sent to investors today.

Telefónica, S.A. (NYSE:TEF) Ratings Coverage

Among 5 analysts covering Telefonica (NYSE:TEF), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Telefonica had 5 analyst reports since January 9, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, January 17 by Raymond James. The firm earned “Hold” rating on Friday, January 19 by Credit Suisse. The stock of Telefónica, S.A. (NYSE:TEF) has “Hold” rating given on Thursday, April 12 by J.P. Morgan. On Friday, February 9 the stock rating was upgraded by Jefferies to “Hold”.

The stock decreased 0.80% or $0.07 during the last trading session, reaching $8.73. About 1.25 million shares traded. Telefónica, S.A. (NYSE:TEF) has declined 19.91% since June 14, 2017 and is downtrending. It has underperformed by 32.48% the S&P500.

Telefónica, S.A. provides mobile and fixed communication services primarily in the European Union and Latin America. The company has market cap of $44.83 billion. The companyÂ’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. It has a 12.49 P/E ratio. The Company’s fixed telecommunication services include PSTN lines; ISDN accesses; public telephone services; local, domestic, and international long-distance and fixed-to-mobile communications; corporate communications; supplementary and business oriented value-added; video telephony; intelligent network; and telephony information services.

More news for Telefónica, S.A. (NYSE:TEF) were recently published by: Nasdaq.com, which released: “Telefónica Showcasing GPS SmartSole and BioStride at CeBIT 2018” on June 13, 2018. Seekingalpha.com‘s article titled: “Telefonica: Still Not Attractive Despite Lower Valuation” and published on May 21, 2018 is yet another important article.

Telefónica, S.A. (NYSE:TEF) Ratings Chart

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