Benzinga’s Top Downgrades (YARIY, TEF, HBC, PT)

Yara International

was downgraded by Credit Suisse from "outperform" to "neutral." YARIY’s shares closed at $40.26 yesterday. Yara International’s 52-week trading range is $25.65 - $49.60. Citigroup downgraded Telefonica SA

from “buy” to “hold.” TEF’s shares closed at $70.69 yesterday. Telefonica’s 52-week trading range is $53.21 - $85.94. RBS downgraded HSBC Holdings Plc

from “buy” to “hold.” HBC’s stock closed at $53.74 yesterday. HSBC Holdings’ earnings may fall by 27.19% this year. Portugal Telecom SGPS

was downgraded by Goldman Sachs from “neutral” to “sell.” PT’s shares closed at $11.32 yesterday. Portugal Telecom’s quarterly earnings dipped 38.23% y/y.