Commerzbank Aktiengesellschaft FI held its position in shares of Telefonica SA (NYSE:TEF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,000 shares of the utilities provider’s stock at the end of the 2nd quarter. Commerzbank Aktiengesellschaft FI’s holdings in Telefonica SA were worth $270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Liberty Mutual Group Asset Management Inc. purchased a new stake in Telefonica SA during the first quarter valued at about $434,000. Morgan Stanley lifted its holdings in Telefonica SA by 18.1% during the first quarter. Morgan Stanley now owns 774,342 shares of the utilities provider’s stock valued at $8,666,000 after purchasing an additional 118,762 shares during the last quarter. Princeton Alpha Management LP purchased a new stake in Telefonica SA during the first quarter valued at about $249,000. Wetherby Asset Management Inc. lifted its holdings in Telefonica SA by 10.5% during the second quarter. Wetherby Asset Management Inc. now owns 34,830 shares of the utilities provider’s stock valued at $362,000 after purchasing an additional 3,319 shares during the last quarter. Finally, Butensky & Cohen Financial Security Inc. lifted its holdings in Telefonica SA by 3.0% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 119,081 shares of the utilities provider’s stock valued at $1,237,000 after purchasing an additional 3,515 shares during the last quarter. 0.93% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on TEF shares. Zacks Investment Research downgraded shares of Telefonica SA from a “buy” rating to a “strong sell” rating in a report on Thursday, July 13th. ValuEngine downgraded shares of Telefonica SA from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub raised shares of Telefonica SA from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Goldman Sachs Group, Inc. (The) raised shares of Telefonica SA from a “neutral” rating to a “buy” rating in a report on Wednesday, May 17th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Telefonica SA in a report on Monday, September 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $10.81.

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Shares of Telefonica SA (NYSE TEF) opened at 10.90 on Tuesday. Telefonica SA has a 12 month low of $8.15 and a 12 month high of $11.64. The company has a market capitalization of $55.84 billion, a PE 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 (NYSE:TEF) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.02. Telefonica SA had a net margin of 5.18% and a return on equity of 29.02%. The company had revenue of $14.24 billion for the quarter, compared to analysts’ expectations of $15.01 billion. On average, analysts forecast that Telefonica SA will post $0.89 EPS for the current year.

About Telefonica SA

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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