Telefonica SA (NYSE:TEF) gapped up prior to trading on Wednesday . The stock had previously closed at $10.02, but opened at $10.14. Telefonica SA shares last traded at $10.39, with a volume of 636,453 shares trading hands.

A number of equities research analysts have commented on the company. Credit Suisse Group AG cut Telefonica SA to a “hold” rating in a research note on Thursday, May 26th. Zacks Investment Research cut Telefonica SA from a “buy” rating to a “hold” rating in a research note on Friday, September 16th. Finally, Goldman Sachs Group Inc. cut Telefonica SA from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of €11.00 ($12.22).

The stock has a market capitalization of $61.71 billion, a PE ratio of 29.75 and a beta of 1.47. The stock has a 50-day moving average of $10.10 and a 200 day moving average of $10.26.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEF. GFS Advisors LLC boosted its position in Telefonica SA by 165.2% in the second quarter. GFS Advisors LLC now owns 585,398 shares of the company’s stock valued at $5,549,000 after buying an additional 364,657 shares during the last quarter. BlackRock Inc. bought a new position in Telefonica SA during the first quarter valued at approximately $3,133,000. Aperio Group LLC boosted its position in Telefonica SA by 51.7% in the first quarter. Aperio Group LLC now owns 781,901 shares of the company’s stock valued at $8,703,000 after buying an additional 266,584 shares during the last quarter. Mondrian Investment Partners LTD boosted its position in Telefonica SA by 10.0% in the first quarter. Mondrian Investment Partners LTD now owns 2,588,026 shares of the company’s stock valued at $28,805,000 after buying an additional 235,485 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Telefonica SA by 134.3% in the second quarter. Royal Bank of Canada now owns 368,214 shares of the company’s stock valued at $3,491,000 after buying an additional 211,080 shares during the last quarter. 1.36% of the stock is owned by hedge funds and other institutional investors.

About Telefonica SA

Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.

5 Day Chart for NYSE:TEF

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