Wetherby Asset Management Inc. reduced its position in Telefonica S.A. (NYSE:TEF) by 60.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,856 shares of the utilities provider’s stock after selling 42,013 shares during the period. Wetherby Asset Management Inc.’s holdings in Telefonica were worth $212,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. bought a new stake in shares of Telefonica in the 3rd quarter valued at about $29,000. Usca Ria LLC acquired a new stake in Telefonica in the 3rd quarter worth approximately $30,000. Compagnie Lombard Odier SCmA acquired a new stake in Telefonica in the 2nd quarter worth approximately $36,000. Evolution Wealth Advisors LLC acquired a new stake in Telefonica in the 2nd quarter worth approximately $38,000. Finally, HM Payson & Co. acquired a new stake in Telefonica in the 2nd quarter worth approximately $60,000. Institutional investors and hedge funds own 0.97% of the company’s stock.

TEF traded down $0.05 during trading on Friday, reaching $7.54. 1,337,898 shares of the company’s stock were exchanged, compared to its average volume of 1,806,472. Telefonica S.A. has a 1 year low of $6.50 and a 1 year high of $9.08. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.84 and a quick ratio of 0.79. The stock has a market capitalization of $39.30 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 1.50 and a beta of 0.73. The company’s fifty day simple moving average is $7.65 and its 200-day simple moving average is $7.76.

Telefonica (NYSE:TEF) last posted its quarterly earnings results on Tuesday, November 5th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter. Telefonica had a net margin of 4.03% and a return on equity of 14.01%. The company had revenue of $13.23 billion during the quarter. Equities analysts forecast that Telefonica S.A. will post 0.74 EPS for the current year.

A number of analysts recently commented on the stock. UBS Group cut shares of Telefonica from a “buy” rating to a “neutral” rating in a research note on Thursday, August 8th. Macquarie raised shares of Telefonica from a “neutral” rating to an “outperform” rating in a research report on Tuesday, September 3rd. Bank of America lowered shares of Telefonica from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 13th. ValuEngine raised shares of Telefonica from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, TheStreet lowered shares of Telefonica from a “b-” rating to a “c+” rating in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $8.50.

Telefonica Company Profile

Telefónica, SA provides mobile and fixed communication services primarily in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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Institutional Ownership by Quarter for Telefonica (NYSE:TEF)

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