Blue Trust Inc. Raises Stock Position in Telefónica, S.A. (NYSE:TEF)

Blue Trust Inc. boosted its stake in Telefónica, S.A. (NYSE:TEF) by 112.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,545 shares of the utilities provider’s stock after purchasing an additional 37,859 shares during the period. Blue Trust Inc.’s holdings in Telefónica were worth $348,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Aaron Wealth Advisors LLC grew its holdings in shares of Telefónica by 402.7% in the third quarter. Aaron Wealth Advisors LLC now owns 54,316 shares of the utilities provider’s stock worth $264,000 after acquiring an additional 43,511 shares during the period. Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Telefónica by 2.1% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 135,936 shares of the utilities provider’s stock worth $661,000 after purchasing an additional 2,768 shares during the period. First Affirmative Financial Network boosted its holdings in shares of Telefónica by 30.5% in the third quarter. First Affirmative Financial Network now owns 101,472 shares of the utilities provider’s stock worth $493,000 after buying an additional 23,737 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Telefónica by 26.6% in the third quarter. Atomi Financial Group Inc. now owns 49,741 shares of the utilities provider’s stock worth $242,000 after buying an additional 10,442 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Telefónica by 92.3% during the third quarter. GAMMA Investing LLC now owns 16,039 shares of the utilities provider’s stock valued at $78,000 after buying an additional 7,697 shares during the last quarter. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

Telefónica Price Performance

TEF stock opened at $4.65 on Thursday. The company has a market capitalization of $26.37 billion, a PE ratio of -29.06 and a beta of 0.67. The company’s fifty day moving average price is $4.71 and its 200-day moving average price is $4.52. Telefónica, S.A. has a one year low of $3.71 and a one year high of $4.93. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.81 and a current ratio of 0.85.

Telefónica (NYSE:TEF) last issued its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $11.04 billion during the quarter, compared to analyst estimates of $10.85 billion. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. On average, equities analysts anticipate that Telefónica, S.A. will post 0.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. New Street Research downgraded shares of Telefónica from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 5th. StockNews.com cut Telefónica from a “buy” rating to a “hold” rating in a research report on Saturday, October 12th. Bank of America cut Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Hsbc Global Res raised shares of Telefónica to a “hold” rating in a report on Wednesday, October 2nd. Finally, HSBC raised shares of Telefónica from a “reduce” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, Telefónica presently has an average rating of “Hold”.

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.