Mainstay Capital Management LLC ADV Boosts Stock Holdings in Telefonica SA $TEF

Key Points

• Mainstay Capital Management LLC ADV increased its stake in Telefonica SA by 99.5% in Q2, owning 780,285 shares valued at $4,081,000 by quarter-end.
• Telefonica's stock currently trades at $5.01, with a market capitalization of $28.41 billion and reported quarterly earnings meeting analysts' expectations at $0.08 EPS.
• Investment firms show mixed sentiments, with Berenberg Bank raising the rating to "hold" while Weiss Ratings maintains a "sell" rating, contributing to an average rating of "Reduce" for Telefonica.

Mainstay Capital Management LLC ADV lifted its stake in Telefonica SA (NYSE:TEF - Free Report) by 99.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 780,285 shares of the utilities provider's stock after purchasing an additional 389,242 shares during the period. Mainstay Capital Management LLC ADV's holdings in Telefonica were worth $4,081,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TEF. Goldman Sachs Group Inc. increased its stake in shares of Telefonica by 20.6% during the first quarter. Goldman Sachs Group Inc. now owns 6,243,236 shares of the utilities provider's stock worth $29,093,000 after buying an additional 1,065,861 shares during the period. Northern Trust Corp increased its position in shares of Telefonica by 0.4% in the 1st quarter. Northern Trust Corp now owns 3,638,295 shares of the utilities provider's stock valued at $16,954,000 after purchasing an additional 15,707 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Telefonica by 4.1% during the 1st quarter. American Century Companies Inc. now owns 1,487,510 shares of the utilities provider's stock worth $6,932,000 after purchasing an additional 57,945 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Telefonica by 65.0% during the 1st 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 last quarter. Finally, OLD Mission Capital LLC grew its stake in shares of Telefonica by 54.5% during the first quarter. OLD Mission Capital LLC now owns 375,096 shares of the utilities provider's stock worth $1,748,000 after purchasing an additional 132,393 shares in the last quarter. Hedge funds and other institutional investors own 1.14% of the company's stock.

Telefonica Stock Performance

Shares of TEF opened at $5.01 on Thursday. The stock has a market capitalization of $28.41 billion, a P/E ratio of -10.44, a P/E/G ratio of 0.57 and a beta of 0.49. Telefonica SA has a 1 year low of $3.89 and a 1 year high of $5.72. The company's fifty day moving average is $5.30 and its two-hundred day moving average is $5.13. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.81 and a current ratio of 0.85.

Telefonica (NYSE:TEF - Get Free Report) last posted its quarterly 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. The company had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $9.03 billion. Telefonica had a negative net margin of 5.88% and a positive return on equity of 8.57%. On average, sell-side analysts predict that Telefonica SA will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TEF. Berenberg Bank raised Telefonica to a "hold" rating in a research report on Thursday, June 26th. Weiss Ratings restated a "sell (d)" rating on shares of Telefonica in a research note on Wednesday. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Telefonica has an average rating of "Reduce".

Telefonica 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.

Want to see what other hedge funds are holding TEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telefonica SA (NYSE:TEF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.