Yousif Capital Management LLC Has $488,000 Position in Telefonica SA $TEF

Yousif Capital Management LLC increased its position in shares of Telefonica SA (NYSE:TEF) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,346 shares of the utilities provider’s stock after acquiring an additional 5,140 shares during the period. Yousif Capital Management LLC’s holdings in Telefonica were worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Atwood & Palmer Inc. bought a new stake in Telefonica during the second quarter worth $44,000. Cromwell Holdings LLC raised its holdings in shares of Telefonica by 50.4% during the 1st quarter. Cromwell Holdings LLC now owns 10,031 shares of the utilities provider’s stock worth $47,000 after buying an additional 3,361 shares in the last quarter. Momentous Wealth Management Inc. acquired a new stake in Telefonica in the first quarter valued at about $50,000. Hamilton Capital LLC acquired a new stake in Telefonica in the first quarter valued at about $58,000. Finally, May Hill Capital LLC bought a new position in Telefonica in the first quarter valued at about $78,000. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on TEF shares. Berenberg Bank raised shares of Telefonica to a “hold” rating in a report on Thursday, June 26th. Weiss Ratings restated a “sell (d)” rating on shares of Telefonica in a research report on Wednesday, October 8th. Finally, BNP Paribas Exane assumed coverage on shares of Telefonica in a research note on Tuesday. They set an “underperform” rating and a $4.20 target price on the stock. Two equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Telefonica currently has an average rating of “Strong Sell” and a consensus target price of $4.20.

Telefonica Stock Down 1.4%

Shares of NYSE TEF opened at $5.25 on Friday. The company has a 50 day simple moving average of $5.25 and a 200 day simple moving average of $5.17. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.85 and a quick ratio of 0.81. Telefonica SA has a 1 year low of $3.89 and a 1 year high of $5.72. The firm has a market cap of $29.74 billion, a PE ratio of -10.93, a price-to-earnings-growth ratio of 0.61 and a beta of 0.49.

Telefonica (NYSE:TEF) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Telefonica had a negative net margin of 5.88% and a positive return on equity of 8.57%. On average, research analysts forecast that Telefonica SA will post 0.3 EPS for the current year.

Telefonica Company Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.