Ethic Inc. Sells 77,225 Shares of Telefónica, S.A. (NYSE:TEF)

Ethic Inc. lessened its stake in Telefónica, S.A. (NYSE:TEF - Free Report) by 11.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 584,434 shares of the utilities provider's stock after selling 77,225 shares during the quarter. Ethic Inc.'s holdings in Telefónica were worth $2,349,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Telefónica by 71.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider's stock worth $25,000 after buying an additional 2,603 shares in the last quarter. Callan Family Office LLC purchased a new stake in Telefónica during the fourth quarter valued at $44,000. Drive Wealth Management LLC purchased a new stake in Telefónica during the fourth quarter valued at $45,000. Prospect Financial Group LLC purchased a new stake in Telefónica during the fourth quarter valued at $45,000. Finally, Merit Financial Group LLC purchased a new stake in Telefónica during the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 1.14% of the company's stock.

Analysts Set New Price Targets

TEF has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on shares of Telefónica in a research note on Tuesday, April 22nd. They set a "market perform" rating on the stock. StockNews.com downgraded shares of Telefónica from a "buy" rating to a "hold" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold".

Telefónica Trading Up 2.0%

Shares of TEF traded up $0.10 during midday trading on Friday, hitting $4.92. The stock had a trading volume of 881,986 shares, compared to its average volume of 702,996. Telefónica, S.A. has a 1 year low of $3.89 and a 1 year high of $5.15. The firm has a market cap of $27.87 billion, a PE ratio of -18.90 and a beta of 0.46. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81. The stock's 50 day moving average is $4.77 and its 200 day moving average is $4.44.

Telefónica (NYSE:TEF - Get Free Report) last announced its earnings results on Wednesday, May 14th. The utilities provider reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Telefónica had a negative net margin of 2.84% and a positive return on equity of 10.10%. The business had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $10.06 billion. As a group, analysts forecast that Telefónica, S.A. will post 0.3 EPS for the current fiscal year.

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.