Short Interest in Telefonica S.A. (NYSE:TEF) Declines By 6.4%

Telefonica S.A. (NYSE:TEF) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 2,620,000 shares, a decline of 6.4% from the August 30th total of 2,800,000 shares. Based on an average daily volume of 1,730,000 shares, the short-interest ratio is presently 1.5 days. Currently, 0.1% of the shares of the company are sold short.

Telefonica stock traded up $0.04 during midday trading on Wednesday, reaching $7.81. 20,184 shares of the stock were exchanged, compared to its average volume of 1,735,675. The company’s fifty day moving average is $7.35 and its 200-day moving average is $7.84. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.79 and a current ratio of 0.84. The firm has a market cap of $40.58 billion, a PE ratio of 8.23, a PEG ratio of 1.68 and a beta of 0.72. Telefonica has a 52 week low of $6.50 and a 52 week high of $9.08.

Telefonica (NYSE:TEF) last posted its earnings results on Thursday, July 25th. The utilities provider reported $0.21 earnings per share for the quarter. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.54 billion. Telefonica had a net margin of 7.27% and a return on equity of 16.21%. On average, sell-side analysts anticipate that Telefonica will post 0.77 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the stock. Bank of America lowered shares of Telefonica from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 13th. ValuEngine raised shares of Telefonica from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Macquarie raised shares of Telefonica from a “neutral” rating to an “outperform” rating in a report on Tuesday, September 3rd. TheStreet lowered shares of Telefonica from a “b-” rating to a “c+” rating in a report on Wednesday, August 14th. Finally, UBS Group lowered shares of Telefonica from a “buy” rating to a “neutral” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Telefonica presently has a consensus rating of “Hold” and an average price target of $8.50.

A number of hedge funds have recently added to or reduced their stakes in TEF. Morgan Stanley grew its stake in Telefonica by 62.1% in the 2nd quarter. Morgan Stanley now owns 18,354,264 shares of the utilities provider’s stock worth $152,155,000 after buying an additional 7,032,053 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Telefonica in the 2nd quarter worth approximately $7,031,000. First Trust Advisors LP grew its stake in Telefonica by 308.3% in the 1st quarter. First Trust Advisors LP now owns 755,382 shares of the utilities provider’s stock worth $6,315,000 after buying an additional 570,383 shares in the last quarter. Bank of America Corp DE grew its stake in Telefonica by 88.2% in the 2nd quarter. Bank of America Corp DE now owns 960,854 shares of the utilities provider’s stock worth $7,965,000 after buying an additional 450,434 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Telefonica by 5.8% in the 2nd quarter. Northern Trust Corp now owns 4,558,875 shares of the utilities provider’s stock worth $37,793,000 after buying an additional 248,323 shares in the last quarter. 0.96% of the stock is owned by institutional investors and hedge funds.

About Telefonica

Telefónica, SA provides mobile and fixed communication services primarily in Europe 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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