Signaturefd LLC Buys 3,142 Shares of Telefonica S.A. (NYSE:TEF)

Share on StockTwits

Signaturefd LLC raised its holdings in shares of Telefonica S.A. (NYSE:TEF) by 15.7% in the second quarter, HoldingsChannel reports. The firm owned 23,115 shares of the utilities provider’s stock after buying an additional 3,142 shares during the quarter. Signaturefd LLC’s holdings in Telefonica were worth $192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Telefonica by 10.6% during the 4th quarter. Bank of America Corp DE now owns 609,533 shares of the utilities provider’s stock valued at $5,157,000 after purchasing an additional 58,453 shares during the last quarter. Redwood Investment Management LLC purchased a new stake in shares of Telefonica in the 1st quarter worth approximately $431,000. US Bancorp DE grew its stake in shares of Telefonica by 4.9% in the 1st quarter. US Bancorp DE now owns 66,626 shares of the utilities provider’s stock worth $558,000 after buying an additional 3,141 shares during the last quarter. Zions Bancorporation N.A. purchased a new stake in shares of Telefonica in the 1st quarter worth approximately $28,000. Finally, Duff & Phelps Investment Management Co. purchased a new stake in shares of Telefonica in the 1st quarter worth approximately $5,124,000. 0.95% of the stock is owned by institutional investors and hedge funds.

Shares of TEF opened at $6.58 on Thursday. The company’s fifty day simple moving average is $7.92. The company has a current ratio of 0.84, a quick ratio of 0.79 and a debt-to-equity ratio of 1.98. Telefonica S.A. has a 12 month low of $6.57 and a 12 month high of $9.08. The stock has a market cap of $36.14 billion, a P/E ratio of 6.93, a price-to-earnings-growth ratio of 0.59 and a beta of 0.67.

Telefonica (NYSE:TEF) last issued its earnings results on Thursday, July 25th. The utilities provider reported $0.21 EPS for the quarter. Telefonica had a return on equity of 16.21% and a net margin of 7.27%. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.54 billion. Equities analysts expect that Telefonica S.A. will post 0.88 earnings per share for the current fiscal year.

TEF has been the topic of several recent research reports. DZ Bank upgraded Telefonica from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. UBS Group downgraded Telefonica from a “buy” rating to a “neutral” rating in a research note on Thursday, August 8th. Deutsche Bank restated a “buy” rating on shares of Telefonica in a research note on Friday, May 24th. Zacks Investment Research upgraded Telefonica from a “sell” rating to a “hold” rating and set a $8.50 price target on the stock in a research note on Tuesday, May 28th. Finally, ValuEngine upgraded Telefonica from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $8.50.

Telefonica Profile

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.

See Also: What is diluted earnings per share (Diluted EPS)?

Want to see what other hedge funds are holding TEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telefonica S.A. (NYSE:TEF).

Institutional Ownership by Quarter for Telefonica (NYSE:TEF)

Receive News & Ratings for Telefonica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonica and related companies with MarketBeat.com's FREE daily email newsletter.