Blue Trust Inc. Decreases Stock Holdings in Telefonica SA $TEF

Blue Trust Inc. decreased its holdings in shares of Telefonica SA (NYSE:TEF) by 19.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,552 shares of the utilities provider’s stock after selling 3,896 shares during the period. Blue Trust Inc.’s holdings in Telefonica were worth $87,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC lifted its position in shares of Telefonica by 65.0% during the 1st quarter. Cerity Partners LLC now owns 454,853 shares of the utilities provider’s stock valued at $2,120,000 after buying an additional 179,119 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Telefonica by 340.2% during the 1st quarter. Cubist Systematic Strategies LLC now owns 206,150 shares of the utilities provider’s stock valued at $961,000 after buying an additional 159,319 shares in the last quarter. Modern Wealth Management LLC purchased a new position in shares of Telefonica during the 1st quarter valued at approximately $122,000. American Century Companies Inc. lifted its position in shares of Telefonica by 4.1% during the 1st quarter. American Century Companies Inc. now owns 1,487,510 shares of the utilities provider’s stock valued at $6,932,000 after buying an additional 57,945 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Telefonica by 10.0% during the 1st quarter. Bank of New York Mellon Corp now owns 140,352 shares of the utilities provider’s stock valued at $654,000 after buying an additional 12,784 shares in the last quarter. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TEF. Weiss Ratings reissued a “sell (d)” rating on shares of Telefonica in a research note on Wednesday, October 8th. Berenberg Bank raised Telefonica to a “hold” rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Telefonica presently has a consensus rating of “Reduce”.

Telefonica Stock Up 0.7%

Shares of TEF opened at $5.20 on Friday. Telefonica SA has a 52-week low of $3.89 and a 52-week high of $5.72. The company has a market capitalization of $29.46 billion, a PE ratio of -10.82, a price-to-earnings-growth ratio of 0.59 and a beta of 0.49. The stock has a fifty day simple moving average of $5.27 and a two-hundred day simple moving average of $5.15. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.47.

Telefonica (NYSE:TEF) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. Telefonica had a positive return on equity of 8.57% and a negative net margin of 5.88%.The business had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $9.03 billion. As a group, equities analysts forecast that Telefonica SA will post 0.3 EPS for the current year.

Telefonica 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.