Quadrant Capital Group LLC increased its holdings in shares of Telefonica SA (NYSE:TEF) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,782 shares of the utilities provider’s stock after buying an additional 1,059 shares during the period. Quadrant Capital Group LLC’s holdings in Telefonica SA were worth $170,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of TEF. Arrowstreet Capital Limited Partnership boosted its position in Telefonica SA by 244.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,234,111 shares of the utilities provider’s stock worth $54,382,000 after buying an additional 3,713,751 shares during the period. Macquarie Group Ltd. boosted its position in Telefonica SA by 11.0% during the 1st quarter. Macquarie Group Ltd. now owns 6,756,516 shares of the utilities provider’s stock worth $75,605,000 after buying an additional 667,294 shares during the period. FNY Partners Fund LP acquired a new stake in Telefonica SA during the 1st quarter worth approximately $6,496,000. FMR LLC boosted its position in Telefonica SA by 2,954.9% during the 1st quarter. FMR LLC now owns 479,520 shares of the utilities provider’s stock worth $5,366,000 after buying an additional 463,823 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in Telefonica SA by 21.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,502,523 shares of the utilities provider’s stock worth $15,611,000 after buying an additional 260,372 shares during the period. Institutional investors and hedge funds own 0.93% of the company’s stock.
TEF has been the topic of several recent research reports. ValuEngine downgraded shares of Telefonica SA from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub downgraded shares of Telefonica SA from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Telefonica SA from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, September 6th. Citigroup Inc. reiterated a “buy” rating on shares of Telefonica SA in a research report on Monday, September 4th. Finally, J P Morgan Chase & Co downgraded shares of Telefonica SA from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.00.
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Shares of Telefonica SA (NYSE TEF) traded up 0.694% on Wednesday, hitting $10.875. 216,073 shares of the stock were exchanged. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 18.308 and a beta of 1.31. Telefonica SA has a 52-week low of $8.15 and a 52-week high of $11.64. The company has a 50 day moving average of $10.72 and a 200 day moving average of $10.95.
Telefonica SA (NYSE:TEF) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). Telefonica SA had a return on equity of 29.02% and a net margin of 5.18%. The firm had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $15.01 billion. Equities research analysts forecast that Telefonica SA will post $0.89 earnings per share for the current year.
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. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).
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