Goldman Sachs Group Inc. boosted its stake in Telefonica SA (NYSE:TEF) by 7.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,868,884 shares of the utilities provider’s stock after purchasing an additional 130,157 shares during the period. Goldman Sachs Group Inc.’s holdings in Telefonica SA were worth $19,418,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TEF. Eagle Ridge Investment Management acquired a new stake in Telefonica SA in the 2nd quarter valued at approximately $114,000. Sei Investments Co. increased its holdings 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 last quarter. Advisor Group Inc. increased its holdings in Telefonica SA by 3.1% in the 2nd quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock valued at $138,000 after purchasing an additional 406 shares during the last quarter. Raymond James Trust N.A. increased its holdings in Telefonica SA by 31.9% in the 2nd quarter. Raymond James Trust N.A. now owns 13,452 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 3,252 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings 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 last quarter. Hedge funds and other institutional investors own 0.93% of the company’s stock.

Shares of Telefonica SA (NYSE:TEF) opened at 10.82 on Friday. The stock has a market capitalization of $55.43 billion, a PE ratio of 18.22 and a beta of 1.31. Telefonica SA has a 52-week low of $8.15 and a 52-week high of $11.64. The stock’s 50 day moving average is $10.73 and its 200 day moving average is $10.94.

Telefonica SA (NYSE:TEF) last released its quarterly earnings results 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). The firm had revenue of $14.24 billion for 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%. Equities research analysts expect that Telefonica SA will post $0.89 earnings per share for the current fiscal year.

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TEF has been the subject of several research reports. Zacks Investment Research downgraded shares of Telefonica SA from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine upgraded shares of Telefonica SA from a “buy” rating to a “strong-buy” rating in a report on Friday, July 7th. Berenberg Bank upgraded shares of Telefonica SA from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. BidaskClub downgraded shares of Telefonica SA from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, Citigroup Inc. restated a “buy” rating on shares of Telefonica SA in a research note on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $11.00.

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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