Telefónica, S.A. (NYSE:TEF) Shares Sold by Signaturefd LLC

Signaturefd LLC trimmed its position in Telefónica, S.A. (NYSE:TEF) by 2.6% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,386 shares of the utilities provider’s stock after selling 2,458 shares during the period. Signaturefd LLC’s holdings in Telefónica were worth $449,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in Telefónica by 171.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 3,590 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Telefónica by 113.9% during the first quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock valued at $26,000 after buying an additional 3,135 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Telefónica during the first quarter valued at approximately $34,000. Aaron Wealth Advisors LLC bought a new stake in shares of Telefónica during the second quarter valued at approximately $45,000. Finally, GAMMA Investing LLC raised its holdings in shares of Telefónica by 92.3% during the third quarter. GAMMA Investing LLC now owns 16,039 shares of the utilities provider’s stock valued at $78,000 after buying an additional 7,697 shares during the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Telefónica Trading Down 0.9 %

Telefónica stock opened at $4.62 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.81 and a current ratio of 0.85. The firm has a market cap of $26.20 billion, a price-to-earnings ratio of -28.88 and a beta of 0.67. Telefónica, S.A. has a 1 year low of $3.71 and a 1 year high of $4.93. The firm’s 50 day moving average price is $4.71 and its two-hundred day moving average price is $4.52.

Telefónica (NYSE:TEF) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $11.04 billion for the quarter, compared to analyst estimates of $10.85 billion. Telefónica had a negative net margin of 1.62% and a positive return on equity of 9.18%. On average, research analysts predict that Telefónica, S.A. will post 0.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TEF. Hsbc Global Res raised Telefónica to a “hold” rating in a report on Wednesday, October 2nd. Bank of America cut Telefónica from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. HSBC raised Telefónica from a “reduce” rating to a “hold” rating in a report on Wednesday, October 2nd. New Street Research cut Telefónica from a “strong-buy” rating to a “hold” rating in a report on Friday, July 5th. Finally, StockNews.com cut Telefónica from a “buy” rating to a “hold” rating in a report on Saturday, October 12th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Telefónica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.