Telefonica S.A. (TEF) Short Interest Up 48.7% in September
Telefonica S.A. (NYSE:TEF) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 2,733,841 shares, a growth of 48.7% from the August 31st total of 1,838,309 shares. Based on an average daily volume of 1,780,779 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.1% of the shares of the company are short sold.
A number of research firms recently issued reports on TEF. Zacks Investment Research lowered Telefonica from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Goldman Sachs Group Inc. lowered Telefonica from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Telefonica has a consensus rating of “Hold” and a consensus target price of €11.00 ($12.22).
Large investors have recently added to or reduced their stakes in the stock. Private Bank & Trust Co. boosted its stake in Telefonica by 27.6% in the second quarter. Private Bank & Trust Co. now owns 19,311 shares of the company’s stock worth $183,000 after buying an additional 4,176 shares in the last quarter. Princeton Alpha Management LP boosted its stake in Telefonica by 172.2% in the second quarter. Princeton Alpha Management LP now owns 48,160 shares of the company’s stock worth $457,000 after buying an additional 30,468 shares in the last quarter. Conning Inc. acquired a new stake in Telefonica during the second quarter worth $421,000. BlackRock Inc. acquired a new stake in Telefonica during the first quarter worth $3,133,000. Finally, Ngam Advisors L.P. boosted its stake in Telefonica by 25.1% in the first quarter. Ngam Advisors L.P. now owns 99,076 shares of the company’s stock worth $1,103,000 after buying an additional 19,876 shares in the last quarter. 1.36% of the stock is owned by hedge funds and other institutional investors.
Telefonica (NYSE:TEF) opened at 10.00 on Thursday. Telefonica has a 12 month low of $8.34 and a 12 month high of $13.53. The firm’s 50-day moving average price is $10.23 and its 200-day moving average price is $10.20. The firm has a market cap of $58.60 billion, a price-to-earnings ratio of 28.25 and a beta of 1.52.
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. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.
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