Fmr LLC Has $4.35 Million Stake in Telefonica S.A. (TEF)

Fmr LLC lifted its stake in shares of Telefonica S.A. (NYSE:TEF) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 509,997 shares of the utilities provider’s stock after buying an additional 20,100 shares during the quarter. Fmr LLC’s holdings in Telefonica were worth $4,350,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Mondrian Investment Partners LTD grew its position in shares of Telefonica by 13.9% during the second quarter. Mondrian Investment Partners LTD now owns 4,715,149 shares of the utilities provider’s stock worth $40,220,000 after buying an additional 573,612 shares in the last quarter. Northern Trust Corp grew its position in shares of Telefonica by 9.0% during the first quarter. Northern Trust Corp now owns 4,182,990 shares of the utilities provider’s stock worth $41,287,000 after buying an additional 345,912 shares in the last quarter. CIBC World Markets Inc. grew its position in shares of Telefonica by 3,439.4% during the first quarter. CIBC World Markets Inc. now owns 624,988 shares of the utilities provider’s stock worth $6,169,000 after buying an additional 607,330 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Telefonica by 35.2% during the first quarter. Wells Fargo & Company MN now owns 557,337 shares of the utilities provider’s stock worth $5,501,000 after buying an additional 144,966 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Telefonica by 19.6% during the second quarter. PNC Financial Services Group Inc. now owns 509,126 shares of the utilities provider’s stock worth $4,342,000 after buying an additional 83,439 shares in the last quarter. 0.83% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the stock. TheStreet downgraded shares of Telefonica from a “b-” rating to a “c+” rating in a research report on Monday, June 25th. Zacks Investment Research downgraded shares of Telefonica from a “hold” rating to a “strong sell” rating in a research report on Wednesday. ValuEngine downgraded shares of Telefonica from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Goldman Sachs Group downgraded shares of Telefonica from a “buy” rating to a “neutral” rating in a research report on Friday, July 20th. Finally, Jefferies Financial Group raised shares of Telefonica from a “hold” rating to a “buy” rating in a research report on Friday, August 10th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. Telefonica has an average rating of “Hold” and an average target price of $11.00.

Telefonica stock opened at $8.00 on Friday. The firm has a market capitalization of $40.81 billion, a price-to-earnings ratio of 9.52 and a beta of 1.02. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.70 and a quick ratio of 0.65. Telefonica S.A. has a 12 month low of $7.70 and a 12 month high of $10.86.

Telefonica (NYSE:TEF) last released its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $14.49 billion during the quarter. Telefonica had a net margin of 6.52% and a return on equity of 16.12%. On average, analysts anticipate that Telefonica S.A. will post 0.97 earnings per share for the current fiscal year.

Telefonica Profile

Telefónica, SA provides mobile and fixed communication services primarily in the European Union and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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Institutional Ownership by Quarter for Telefonica (NYSE:TEF)

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