Russell Investments Group Ltd. bought a new position in Telefonica SA (NYSE:TEF) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 71,094 shares of the utilities provider’s stock, valued at approximately $739,000.

A number of other institutional investors have also recently modified their holdings of the stock. Greenleaf Trust boosted its holdings in shares of Telefonica SA by 19.5% during the 2nd quarter. Greenleaf Trust now owns 16,120 shares of the utilities provider’s stock valued at $167,000 after purchasing an additional 2,631 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Telefonica SA by 12.8% during the 2nd quarter. US Bancorp DE now owns 43,679 shares of the utilities provider’s stock valued at $454,000 after purchasing an additional 4,973 shares during the last quarter. Butensky & Cohen Financial Security Inc. boosted its holdings in shares of Telefonica SA by 3.0% during the 2nd 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. Aperio Group LLC boosted its holdings in shares of Telefonica SA by 22.7% during the 2nd quarter. Aperio Group LLC now owns 888,170 shares of the utilities provider’s stock valued at $9,228,000 after purchasing an additional 164,131 shares during the last quarter. Finally, Fox Run Management L.L.C. boosted its holdings in shares of Telefonica SA by 364.5% during the 2nd quarter. Fox Run Management L.L.C. now owns 57,600 shares of the utilities provider’s stock valued at $598,000 after purchasing an additional 45,200 shares during the last quarter. 0.93% of the stock is owned by institutional investors.

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Telefonica SA (TEF) traded up 0.65% during mid-day trading on Friday, reaching $10.81. 1,595,451 shares of the company were exchanged. The company has a market capitalization of $55.38 billion, a price-to-earnings ratio of 18.26 and a beta of 1.32. Telefonica SA has a 1-year low of $8.15 and a 1-year high of $11.64. The company has a 50 day moving average of $10.96 and a 200-day moving average of $10.97.

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

TEF has been the subject of several research reports. TheStreet raised shares of Telefonica SA from a “c” rating to a “b” rating in a report on Thursday, May 25th. BNP Paribas initiated coverage on shares of Telefonica SA in a report on Wednesday, May 31st. They set a “neutral” rating for the company. BidaskClub downgraded shares of Telefonica SA from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. ValuEngine raised shares of Telefonica SA from a “buy” rating to a “strong-buy” rating in a report on Friday, July 7th. Finally, Zacks Investment Research raised shares of Telefonica SA from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $10.81.

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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