20,621 Shares in Telefonica S.A. (NYSE:TEF) Acquired by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC acquired a new position in Telefonica S.A. (NYSE:TEF) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,621 shares of the utilities provider’s stock, valued at approximately $171,000.

Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation N.A. acquired a new position in shares of Telefonica in the first quarter worth approximately $28,000. Evolution Wealth Advisors LLC acquired a new position in shares of Telefonica in the second quarter worth approximately $38,000. Parallel Advisors LLC lifted its stake in shares of Telefonica by 205.2% in the first quarter. Parallel Advisors LLC now owns 8,559 shares of the utilities provider’s stock worth $72,000 after acquiring an additional 5,755 shares during the period. Ridgewood Investments LLC acquired a new position in shares of Telefonica in the first quarter worth approximately $142,000. Finally, Checchi Capital Advisers LLC lifted its stake in shares of Telefonica by 8.0% in the first quarter. Checchi Capital Advisers LLC now owns 19,492 shares of the utilities provider’s stock worth $163,000 after acquiring an additional 1,441 shares during the period. 0.96% of the stock is currently owned by institutional investors.

A number of research firms recently commented on TEF. DZ Bank raised Telefonica from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. UBS Group downgraded Telefonica from a “buy” rating to a “neutral” rating in a report on Thursday. ValuEngine upgraded Telefonica from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th. Zacks Investment Research upgraded Telefonica from a “sell” rating to a “hold” rating and set a $8.50 target price for the company in a report on Tuesday, May 28th. Finally, Deutsche Bank reiterated a “buy” rating on shares of Telefonica in a report on Friday, May 24th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $8.50.

TEF stock traded down $0.14 during mid-day trading on Friday, reaching $7.07. The company’s stock had a trading volume of 2,432,099 shares, compared to its average volume of 1,436,163. The company has a market capitalization of $36.71 billion, a P/E ratio of 7.44, a price-to-earnings-growth ratio of 0.62 and a beta of 0.67. The business’s 50 day moving average price is $8.05. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.79 and a current ratio of 0.84. Telefonica S.A. has a 12 month low of $7.05 and a 12 month high of $9.08.

Telefonica (NYSE:TEF) last released its quarterly earnings data on Thursday, July 25th. The utilities provider reported $0.21 EPS for the quarter. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.54 billion. Telefonica had a return on equity of 16.21% and a net margin of 7.27%. Research analysts anticipate that Telefonica S.A. will post 0.88 earnings per share for the current fiscal year.

Telefonica 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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