Auxier Asset Management reduced its holdings in Telefonica S.A. (NYSE:TEF) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 435,965 shares of the utilities provider’s stock after selling 10,039 shares during the period. Auxier Asset Management’s holdings in Telefonica were worth $3,719,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Advisor Partners LLC acquired a new stake in Telefonica in the second quarter valued at approximately $105,000. Laurel Wealth Advisors Inc. acquired a new stake in shares of Telefonica in the first quarter worth approximately $108,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Telefonica in the first quarter worth approximately $111,000. Private Ocean LLC acquired a new stake in shares of Telefonica in the first quarter worth approximately $120,000. Finally, Signaturefd LLC acquired a new stake in shares of Telefonica in the first quarter worth approximately $128,000. 0.83% of the stock is currently owned by institutional investors.
A number of analysts have recently issued reports on the company. Morgan Stanley raised Telefonica to a “buy” rating in a research note on Wednesday, June 13th. Zacks Investment Research raised Telefonica from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 1st. Jefferies Financial Group raised Telefonica from a “hold” rating to a “buy” rating in a research note on Friday, August 10th. Goldman Sachs Group lowered Telefonica from a “buy” rating to a “neutral” rating in a research note on Friday, July 20th. Finally, TheStreet lowered Telefonica from a “b-” rating to a “c+” rating in a research note on Monday, June 25th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Telefonica presently has a consensus rating of “Hold” and a consensus target price of $11.00.
Telefonica stock traded down $0.04 during trading on Friday, reaching $7.98. 1,333,868 shares of the company were exchanged, compared to its average volume of 1,374,892. Telefonica S.A. has a 52-week low of $7.70 and a 52-week high of $10.92. The company has a market cap of $40.81 billion, a price-to-earnings ratio of 9.50 and a beta of 1.02. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.65 and a current ratio of 0.70.
Telefonica (NYSE:TEF) last announced its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. Telefonica had a return on equity of 16.12% and a net margin of 6.52%. The firm had revenue of $14.49 billion for the quarter. On average, analysts predict that Telefonica S.A. will post 0.97 EPS for the current fiscal year.
Telefónica, SA provides mobile and fixed communication services primarily in the European Union 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: Diversification
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.