American Century Companies Inc. Grows Stock Position in Telefónica, S.A. (NYSE:TEF)

American Century Companies Inc. boosted its position in shares of Telefónica, S.A. (NYSE:TEF) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,258,793 shares of the utilities provider’s stock after buying an additional 4,949 shares during the quarter. American Century Companies Inc.’s holdings in Telefónica were worth $5,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Telefónica by 171.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 3,590 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Telefónica by 113.9% during the first quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock valued at $26,000 after buying an additional 3,135 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Telefónica during the first quarter valued at approximately $34,000. HighPoint Advisor Group LLC purchased a new stake in shares of Telefónica in the fourth quarter worth approximately $45,000. Finally, Aaron Wealth Advisors LLC bought a new stake in shares of Telefónica during the 2nd quarter worth approximately $45,000. Institutional investors own 1.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TEF shares. New Street Research downgraded Telefónica from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 5th. StockNews.com cut shares of Telefónica from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft cut shares of Telefónica from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th. Finally, Bank of America downgraded shares of Telefónica from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd.

Telefónica Stock Performance

Shares of TEF stock opened at $4.91 on Wednesday. The firm has a market cap of $27.81 billion, a price-to-earnings ratio of -30.66 and a beta of 0.67. Telefónica, S.A. has a 52-week low of $3.71 and a 52-week high of $4.93. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.37. The company’s 50 day moving average is $4.57 and its 200 day moving average is $4.45.

Telefónica (NYSE:TEF) last released its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. Telefónica had a negative net margin of 1.62% and a positive return on equity of 9.18%. The business had revenue of $11.04 billion during the quarter, compared to analyst estimates of $10.85 billion. On average, sell-side analysts anticipate that Telefónica, S.A. will post 0.34 EPS for the current fiscal year.

Telefónica 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.