First Trust Advisors LP lowered its position in Telefonica SA (NYSE:TEF) by 16.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 462,380 shares of the utilities provider’s stock after selling 88,971 shares during the period. First Trust Advisors LP’s holdings in Telefonica SA were worth $4,804,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Liberty Mutual Group Asset Management Inc. bought a new position in Telefonica SA during the first quarter valued at about $434,000. Morgan Stanley grew its position in Telefonica SA by 18.1% during the first quarter. Morgan Stanley now owns 774,342 shares of the utilities provider’s stock valued at $8,666,000 after buying an additional 118,762 shares during the period. Princeton Alpha Management LP bought a new position in Telefonica SA during the first quarter valued at about $249,000. Wetherby Asset Management Inc. grew its position in Telefonica SA by 10.5% during the second quarter. Wetherby Asset Management Inc. now owns 34,830 shares of the utilities provider’s stock valued at $362,000 after buying an additional 3,319 shares during the period. Finally, Butensky & Cohen Financial Security Inc. grew its position in Telefonica SA by 3.0% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 119,081 shares of the utilities provider’s stock valued at $1,237,000 after buying an additional 3,515 shares during the period. Institutional investors own 0.93% of the company’s stock.
Shares of Telefonica SA (NYSE TEF) traded up 0.65% during midday trading on Friday, hitting $10.81. 1,595,451 shares of the stock were exchanged. Telefonica SA has a 52-week low of $8.15 and a 52-week high of $11.64. The firm’s 50 day moving average price is $10.96 and its 200-day moving average price is $10.97. The stock has a market cap of $55.38 billion, a P/E ratio of 18.26 and a beta of 1.32.
Telefonica SA (NYSE:TEF) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). The company had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $15.01 billion. Telefonica SA had a net margin of 5.18% and a return on equity of 29.02%. On average, equities research analysts expect that Telefonica SA will post $0.89 earnings per share for the current fiscal year.
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Several research firms recently weighed in on TEF. BidaskClub upgraded shares of Telefonica SA from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded shares of Telefonica SA from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Monday, July 10th. TheStreet upgraded shares of Telefonica SA from a “c” rating to a “b” rating in a research report on Thursday, May 25th. BNP Paribas started coverage on shares of Telefonica SA in a research report on Wednesday, May 31st. They set a “neutral” rating for the company. Finally, Citigroup Inc. reiterated a “buy” rating on shares of Telefonica SA in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. Telefonica SA presently has an average rating of “Hold” and an average price target of $10.81.
Telefonica SA Profile
Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).
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