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

June 13, 2018 - By Jan Rainey

Telefónica, S.A. (NYSE:TEF) Logo

Telefonica (NYSE:TEF) Stock Upgrade

The previous rating for shares of Telefonica (NYSE:TEF) has been supplanted by today’s new rating by Morgan Stanley, who raised shares to a Buy.

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 stock of Telefónica, S.A. (NYSE:TEF) has “Hold” rating given on Friday, January 19 by Credit Suisse. Jefferies upgraded the shares of TEF in report on Friday, February 9 to “Hold” rating. The firm has “Hold” rating by J.P. Morgan given on Thursday, April 12. The rating was upgraded by Raymond James to “Buy” on Wednesday, January 17.

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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