US Bancorp DE Raises Position in Telefonica SA (TEF)

US Bancorp DE boosted its position in shares of Telefonica SA (NYSE:TEF) by 12.8% during the second quarter, Holdings Channel reports. The institutional investor owned 43,679 shares of the utilities provider’s stock after buying an additional 4,973 shares during the period. US Bancorp DE’s holdings in Telefonica SA were worth $454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Trust N.A. acquired a new stake in Telefonica SA during the first quarter valued at $114,000. Sei Investments Co. raised its stake 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 stake in Telefonica SA during the first quarter valued at $139,000. Private Advisor Group LLC raised its stake 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. Finally, Greenleaf Trust acquired a new stake in Telefonica SA during the first quarter valued at $151,000. 0.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Telefonica SA (TEF) traded up 0.325% during trading on Friday, hitting $10.795. The stock had a trading volume of 487,833 shares. Telefonica SA has a 52 week low of $8.15 and a 52 week high of $11.64. The firm has a 50-day moving average price of $10.89 and a 200 day moving average price of $10.82. The company has a market capitalization of $55.30 billion, a PE ratio of 18.485 and a beta of 1.34.

Telefonica SA (NYSE:TEF) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $15.01 billion. Equities analysts anticipate that Telefonica SA will post $0.89 earnings per share for the current year.

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Several research firms recently weighed in on TEF. TheStreet raised Telefonica SA from a “c” rating to a “b” rating in a research note on Thursday, May 25th. Goldman Sachs Group, Inc. (The) raised Telefonica SA from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 17th. BidaskClub lowered Telefonica SA from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. BNP Paribas began coverage on Telefonica SA in a research note on Wednesday, May 31st. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research lowered Telefonica SA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Telefonica SA presently has an average rating of “Hold” and an average price target 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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