BigSur Wealth Management LLC trimmed its stake in Telefonica SA (NYSE:TEF) by 40.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,208 shares of the utilities provider’s stock after selling 24,230 shares during the quarter. BigSur Wealth Management LLC’s holdings in Telefonica SA were worth $391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Ridge Investment Management acquired a new position in shares of Telefonica SA in the second quarter worth $114,000. Advisor Group Inc. raised its holdings in shares of Telefonica SA by 3.1% in the second quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock worth $138,000 after acquiring an additional 406 shares during the last quarter. Raymond James Trust N.A. raised its holdings in shares of Telefonica SA by 31.9% in the second quarter. Raymond James Trust N.A. now owns 13,452 shares of the utilities provider’s stock worth $139,000 after acquiring an additional 3,252 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Telefonica SA by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock worth $142,000 after acquiring an additional 118 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of Telefonica SA by 1.1% in the second quarter. Wedbush Securities Inc. now owns 14,357 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 151 shares during the last quarter. 0.93% of the stock is owned by institutional investors.

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Shares of Telefonica SA (NYSE TEF) traded down $0.04 during trading hours on Tuesday, reaching $10.22. The company’s stock had a trading volume of 1,131,608 shares, compared to its average volume of 1,450,000. The firm has a market capitalization of $52,820.00, a price-to-earnings ratio of 6.04 and a beta of 1.30. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.67 and a quick ratio of 0.62. Telefonica SA has a 12 month low of $8.15 and a 12 month high of $11.64.

TEF has been the subject of a number of analyst reports. Zacks Investment Research cut Telefonica SA from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Berenberg Bank upgraded Telefonica SA from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Citigroup Inc. reiterated a “buy” rating on shares of Telefonica SA in a research note on Tuesday, July 25th. Finally, BidaskClub upgraded Telefonica SA from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Telefonica SA presently has a consensus rating of “Buy” and an average target price of $11.07.

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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