Mondrian Investment Partners LTD Holds Stake in Telefonica SA (TEF)

Mondrian Investment Partners LTD maintained its position in Telefonica SA (NYSE:TEF) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,575,537 shares of the utilities provider’s stock at the end of the second quarter. Mondrian Investment Partners LTD’s holdings in Telefonica SA were worth $37,150,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. acquired a new position in Telefonica SA during the first quarter valued at approximately $114,000. Eagle Ridge Investment Management acquired a new position in Telefonica SA during the second quarter valued at approximately $114,000. Sei Investments Co. increased its position in Telefonica SA by 43.9% in the first quarter. Sei Investments Co. now owns 10,898 shares of the utilities provider’s stock valued at $122,000 after buying an additional 3,327 shares during the period. Fox Run Management L.L.C. acquired a new position in Telefonica SA during the first quarter valued at approximately $139,000. Finally, Private Advisor Group LLC increased its position in Telefonica SA by 16.0% in the first quarter. Private Advisor Group LLC now owns 13,379 shares of the utilities provider’s stock valued at $148,000 after buying an additional 1,842 shares during the period. 0.93% of the stock is owned by institutional investors.

Shares of Telefonica SA (NYSE:TEF) opened at 11.10 on Friday. The firm has a 50-day moving average of $10.84 and a 200 day moving average of $10.78. Telefonica SA has a 1-year low of $8.15 and a 1-year high of $11.64. The stock has a market capitalization of $56.87 billion, a PE ratio of 19.01 and a beta of 1.34.

Telefonica SA (NYSE:TEF) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.02. The firm had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $15.01 billion. Telefonica SA had a return on equity of 29.02% and a net margin of 5.18%. Analysts predict that Telefonica SA will post $0.89 EPS for the current year.

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Several research analysts recently commented on the stock. TheStreet raised shares of Telefonica SA from a “c” rating to a “b” rating in a report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) raised shares of Telefonica SA from a “neutral” rating to a “buy” rating in a report on Wednesday, May 17th. BidaskClub raised shares of Telefonica SA from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. BNP Paribas assumed coverage on shares of Telefonica SA in a report on Wednesday, May 31st. They issued a “neutral” rating for the company. Finally, Zacks Investment Research downgraded shares of Telefonica SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $10.68.

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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Institutional Ownership by Quarter for Telefonica SA (NYSE:TEF)

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