Telefonica (TEF) Shares Sink Following Morgan Stanley Downgrade

February 6, 2012 12:16 PM EST
Get Alerts TEF Hot Sheet
Price: $3.81 --0%

Rating Summary:
    4 Buy, 12 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 12 | New: 19
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An analyst at Morgan Stanley just downgraded shares of Telefonica S.A. (NYSE: TEF) from Equal Weight to Underweight in an intraday research note.

Shares on the NYSE fell below the $17.50 level following the downgrade. The stock last traded at $17.45, down 1.4 percent from Friday's closing price.

For an analyst ratings summary and ratings history on Telefonica S.A. click here. For more ratings news on Telefonica S.A. click here.


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