HighTower Advisors LLC Has $167,000 Stock Position in Telefonica SA $TEF

Key Points

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HighTower Advisors LLC decreased its position in Telefonica SA (NYSE:TEF - Free Report) by 86.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,803 shares of the utilities provider's stock after selling 223,426 shares during the period. HighTower Advisors LLC's holdings in Telefonica were worth $167,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TEF. Envestnet Asset Management Inc. boosted its holdings in Telefonica by 15.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 44,151 shares of the utilities provider's stock valued at $177,000 after acquiring an additional 6,059 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Telefonica by 71.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider's stock valued at $25,000 after buying an additional 2,603 shares during the period. Northern Trust Corp boosted its holdings in Telefonica by 30.7% during the fourth quarter. Northern Trust Corp now owns 3,622,588 shares of the utilities provider's stock worth $14,563,000 after buying an additional 851,581 shares during the last quarter. Jane Street Group LLC boosted its holdings in Telefonica by 383.8% during the fourth quarter. Jane Street Group LLC now owns 159,448 shares of the utilities provider's stock worth $641,000 after buying an additional 126,489 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in Telefonica by 24.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 141,895 shares of the utilities provider's stock worth $570,000 after buying an additional 27,711 shares during the last quarter. Institutional investors own 1.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TEF. Berenberg Bank upgraded Telefonica to a "hold" rating in a report on Thursday, June 26th. Wall Street Zen upgraded Telefonica from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, DZ Bank cut Telefonica from a "hold" rating to a "strong sell" rating in a report on Friday, May 16th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce".

Telefonica Stock Up 0.1%

Shares of NYSE:TEF traded up $0.01 during trading on Tuesday, hitting $5.37. 209,285 shares of the company's stock traded hands, compared to its average volume of 673,996. Telefonica SA has a 52 week low of $3.89 and a 52 week high of $5.72. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.47. The company has a market cap of $30.42 billion, a price-to-earnings ratio of -11.18, a price-to-earnings-growth ratio of 0.61 and a beta of 0.56. The company has a 50-day moving average price of $5.34 and a 200-day moving average price of $5.04.

Telefonica (NYSE:TEF - Get Free Report) last announced its earnings results on Wednesday, July 30th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. Telefonica had a positive return on equity of 8.57% and a negative net margin of 5.88%.The business had revenue of $10.28 billion for the quarter, compared to analyst estimates of $9.03 billion. As a group, research analysts forecast that Telefonica SA will post 0.3 EPS for the current fiscal year.

About Telefonica

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.