HighTower Advisors LLC lessened its stake in shares of Telefonica SA (NYSE:TEF - Free Report) by 86.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the company. Cerity Partners LLC raised its stake in Telefonica by 65.0% during the first quarter. Cerity Partners LLC now owns 454,853 shares of the utilities provider's stock worth $2,120,000 after purchasing an additional 179,119 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Telefonica by 20.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 36,154 shares of the utilities provider's stock worth $145,000 after buying an additional 6,100 shares during the last quarter. Millennium Management LLC raised its position in shares of Telefonica by 179.2% during the 4th quarter. Millennium Management LLC now owns 281,932 shares of the utilities provider's stock valued at $1,133,000 after buying an additional 180,945 shares during the period. Bank of New York Mellon Corp lifted its holdings in Telefonica by 10.0% in the first quarter. Bank of New York Mellon Corp now owns 140,352 shares of the utilities provider's stock valued at $654,000 after acquiring an additional 12,784 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Telefonica by 383.8% in the fourth quarter. Jane Street Group LLC now owns 159,448 shares of the utilities provider's stock worth $641,000 after acquiring an additional 126,489 shares during the period. Hedge funds and other institutional investors own 1.14% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on TEF shares. Berenberg Bank upgraded Telefonica to a "hold" rating in a research report on Thursday, June 26th. Wall Street Zen raised Telefonica from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, DZ Bank lowered shares of Telefonica from a "hold" rating to a "strong sell" rating in a report on Friday, May 16th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce".
Get Our Latest Research Report on Telefonica
Telefonica Stock Down 1.0%
NYSE:TEF traded down $0.06 during midday trading on Wednesday, reaching $5.32. The company had a trading volume of 268,306 shares, compared to its average volume of 584,880. Telefonica SA has a 12-month low of $3.89 and a 12-month high of $5.72. The firm has a market capitalization of $30.14 billion, a price-to-earnings ratio of -11.07, a PEG ratio of 0.61 and a beta of 0.56. 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 stock's fifty day simple moving average is $5.34 and its 200-day simple moving average is $5.05.
Telefonica (NYSE:TEF - Get Free Report) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Telefonica had a negative net margin of 5.88% and a positive return on equity of 8.57%. The firm had revenue of $10.28 billion for the quarter, compared to analysts' expectations of $9.03 billion. On average, sell-side analysts anticipate that Telefonica SA will post 0.3 earnings per share for the current fiscal year.
About Telefonica
(
Free Report)
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.
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