Fiduciary Trust Co. held its stake in Telefonica SA (NYSE:TEF) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,449 shares of the utilities provider’s stock at the end of the second quarter. Fiduciary Trust Co.’s holdings in Telefonica SA were worth $223,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sei Investments Co. grew its stake in Telefonica SA by 43.9% in the 1st quarter. Sei Investments Co. now owns 10,898 shares of the utilities provider’s stock valued at $122,000 after purchasing an additional 3,327 shares during the period. Eagle Ridge Investment Management bought a new position in Telefonica SA in the 2nd quarter valued at $114,000. Private Advisor Group LLC grew its stake in Telefonica SA by 16.0% in the 1st quarter. Private Advisor Group LLC now owns 13,379 shares of the utilities provider’s stock valued at $148,000 after purchasing an additional 1,842 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Telefonica SA by 0.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 118 shares during the period. Finally, Wedbush Securities Inc. grew its stake in Telefonica SA by 1.1% in the 2nd quarter. Wedbush Securities Inc. now owns 14,357 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 151 shares during the period. Hedge funds and other institutional investors own 0.93% of the company’s stock.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Telefonica SA from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, September 6th. J P Morgan Chase & Co downgraded Telefonica SA from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 5th. Citigroup Inc. restated a “buy” rating on shares of Telefonica SA in a research note on Monday, September 4th. ValuEngine downgraded Telefonica SA from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded Telefonica SA from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $10.81.

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Telefonica SA (NYSE:TEF) opened at 10.90 on Tuesday. The company has a market cap of $55.84 billion, a P/E ratio of 18.83 and a beta of 1.32. The stock’s 50 day moving average price is $10.99 and its 200 day moving average price is $10.96. Telefonica SA has a 1-year low of $8.15 and a 1-year high of $11.64.

Telefonica SA (NYSE:TEF) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Telefonica SA had a return on equity of 29.02% and a net margin of 5.18%. The firm had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $15.01 billion. On average, equities analysts anticipate that Telefonica SA will post $0.89 earnings per share for the current fiscal year.

Telefonica SA Company Profile

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. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

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Institutional Ownership by Quarter for Telefonica SA (NYSE:TEF)

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