BigSur Wealth Management LLC cut its position in Telefonica SA (NYSE:TEF) by 40.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,208 shares of the utilities provider’s stock after selling 24,230 shares during the period. BigSur Wealth Management LLC’s holdings in Telefonica SA were worth $391,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in TEF. Eagle Ridge Investment Management bought a new position in shares of Telefonica SA in the second quarter worth about $114,000. Advisor Group Inc. raised its stake in shares of Telefonica SA by 3.1% during the second quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock worth $138,000 after buying an additional 406 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Telefonica SA by 31.9% during the second quarter. Raymond James Trust N.A. now owns 13,452 shares of the utilities provider’s stock worth $139,000 after buying an additional 3,252 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Telefonica SA by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 118 shares in the last quarter. Finally, Wedbush Securities Inc. increased its stake in Telefonica SA by 1.1% in the second quarter. Wedbush Securities Inc. now owns 14,357 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 0.92% of the company’s stock.
Several research analysts have recently weighed in on TEF shares. BidaskClub upgraded shares of Telefonica SA from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Telefonica SA from a “strong sell” rating to a “hold” rating in a report on Thursday, July 27th. Citigroup Inc. restated a “buy” rating on shares of Telefonica SA in a report on Tuesday, July 25th. J P Morgan Chase & Co cut shares of Telefonica SA from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 5th. Finally, ValuEngine lowered shares of Telefonica SA from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.07.
Telefonica SA (TEF) traded up $0.08 during trading hours on Thursday, reaching $10.00. 1,388,600 shares of the company traded hands, compared to its average volume of 1,321,209. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.79. Telefonica SA has a twelve month low of $8.15 and a twelve month high of $11.64. The firm has a market cap of $52,370.00, a P/E ratio of 5.84 and a beta of 1.30.
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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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