Vident Advisory LLC Buys 130,948 Shares of Telefonica SA $TEF

Key Points

• Vident Advisory LLC increased its stake in Telefonica SA by 56.7% in Q1, owning a total of 361,867 shares valued at approximately $1.69 million.
• Telefonica reported a quarterly earnings per share of $0.08, matching analysts' expectations, with revenue of $10.28 billion, exceeding estimates of $9.03 billion.
• Analyst ratings for Telefonica are mixed, with one firm upgrading the stock to "buy," while others maintain "hold" or "sell" ratings, reflecting varying confidence in its performance.

Vident Advisory LLC raised its stake in Telefonica SA (NYSE:TEF - Free Report) by 56.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 361,867 shares of the utilities provider's stock after purchasing an additional 130,948 shares during the quarter. Vident Advisory LLC's holdings in Telefonica were worth $1,686,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 2,603 shares during the last quarter. Cromwell Holdings LLC lifted its position in Telefonica by 50.4% in the first quarter. Cromwell Holdings LLC now owns 10,031 shares of the utilities provider's stock valued at $47,000 after purchasing an additional 3,361 shares during the last quarter. Momentous Wealth Management Inc. bought a new stake in Telefonica in the first quarter valued at approximately $50,000. Clarius Group LLC bought a new stake in Telefonica in the first quarter valued at approximately $55,000. Finally, Cetera Investment Advisers bought a new stake in Telefonica in the fourth quarter valued at approximately $48,000. Institutional investors own 1.14% of the company's stock.

Telefonica Stock Down 0.1%

Shares of NYSE:TEF traded down $0.00 during trading on Monday, hitting $5.34. The stock had a trading volume of 47,557 shares, compared to its average volume of 675,464. Telefonica SA has a 12 month low of $3.89 and a 12 month high of $5.72. The company has a market capitalization of $30.26 billion, a PE ratio of -11.14, a PEG ratio of 0.61 and a beta of 0.56. The firm's fifty day moving average is $5.34 and its 200 day moving average is $5.04. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.47.

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, hitting the consensus estimate of $0.08. Telefonica had a positive return on equity of 8.57% and a negative net margin of 5.88%.The firm had revenue of $10.28 billion during the quarter, compared to analyst estimates of $9.03 billion. Analysts anticipate that Telefonica SA will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TEF has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Telefonica from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Berenberg Bank upgraded Telefonica to a "hold" rating in a research report on Thursday, June 26th. Finally, DZ Bank lowered Telefonica from a "hold" rating to a "strong sell" rating in a research report on Friday, May 16th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce".

Telefonica 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.