Telefónica, S.A. (NYSE:TEF) Stock Holdings Lowered by GFS Advisors LLC

GFS Advisors LLC lessened its stake in shares of Telefónica, S.A. (NYSE:TEF) by 58.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 12,666 shares of the utilities provider’s stock after selling 18,145 shares during the period. GFS Advisors LLC’s holdings in Telefónica were worth $62,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TEF. American Century Companies Inc. raised its position in shares of Telefónica by 0.4% during the second quarter. American Century Companies Inc. now owns 1,258,793 shares of the utilities provider’s stock worth $5,300,000 after purchasing an additional 4,949 shares during the period. Nia Impact Advisors LLC acquired a new stake in Telefónica during the 2nd quarter worth about $3,645,000. Natixis Advisors LLC lifted its stake in Telefónica by 81.2% during the second quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock valued at $2,933,000 after buying an additional 312,113 shares in the last quarter. Mainstay Capital Management LLC ADV boosted its holdings in shares of Telefónica by 8.1% in the third quarter. Mainstay Capital Management LLC ADV now owns 385,851 shares of the utilities provider’s stock worth $1,875,000 after buying an additional 29,059 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Telefónica by 21.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 300,304 shares of the utilities provider’s stock worth $1,324,000 after acquiring an additional 52,586 shares in the last quarter. 1.14% of the stock is owned by institutional investors.

Telefónica Stock Performance

Shares of TEF opened at $4.65 on Friday. Telefónica, S.A. has a 52 week low of $3.82 and a 52 week 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. 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 50 day moving average price is $4.73 and its 200 day moving average price is $4.54.

Telefónica (NYSE:TEF) last posted 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 for the quarter, compared to analysts’ expectations of $10.85 billion. Research analysts expect that Telefónica, S.A. will post 0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TEF shares. Bank of America downgraded shares of Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. StockNews.com lowered Telefónica from a “buy” rating to a “hold” rating in a report on Saturday, October 12th. Hsbc Global Res raised Telefónica to a “hold” rating in a research report on Wednesday, October 2nd. Finally, HSBC raised Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, Telefónica has an average rating of “Hold”.

Telefónica 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.