Butensky & Cohen Financial Security Inc. lowered its position in shares of Telefonica SA (NYSE:TEF) by 0.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 102,155 shares of the company’s stock after selling 330 shares during the period. Butensky & Cohen Financial Security Inc.’s holdings in Telefonica SA were worth $968,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TEF. Bank of Montreal Can purchased a new position in Telefonica SA during the second quarter worth approximately $336,000. Private Bank & Trust Co. raised its position in Telefonica SA by 27.6% in the second quarter. Private Bank & Trust Co. now owns 19,311 shares of the company’s stock worth $183,000 after buying an additional 4,176 shares during the period. Creative Planning raised its position in Telefonica SA by 184.1% in the second quarter. Creative Planning now owns 58,999 shares of the company’s stock worth $559,000 after buying an additional 38,229 shares during the period. BNP Paribas Arbitrage SA raised its position in Telefonica SA by 188.8% in the second quarter. BNP Paribas Arbitrage SA now owns 17,889 shares of the company’s stock worth $170,000 after buying an additional 11,694 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Telefonica SA by 78.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,421 shares of the company’s stock worth $182,000 after buying an additional 7,218 shares during the period. 1.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of Telefonica SA (NYSE:TEF) traded up 0.49% on Monday, reaching $10.18. 1,083,624 shares of the company traded hands. The firm has a market capitalization of $59.66 billion, a P/E ratio of 28.68 and a beta of 1.47. Telefonica SA has a 1-year low of $8.34 and a 1-year high of $13.53. The stock has a 50-day moving average price of $10.06 and a 200 day moving average price of $10.26.

A number of research firms have recently commented on TEF. Zacks Investment Research lowered shares of Telefonica SA from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. JPMorgan Chase & Co. restated a “buy” rating on shares of Telefonica SA in a research report on Monday, May 23rd. Credit Suisse Group AG lowered shares of Telefonica SA to a “hold” rating in a research report on Thursday, May 26th. Finally, Goldman Sachs Group Inc. lowered shares of Telefonica SA from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of €11.00 ($12.22).

About Telefonica SA

Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.

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