Carret Asset Management LLC increased its holdings in Telefonica SA (NYSE:TEF) by 2.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,764 shares of the utilities provider’s stock after purchasing an additional 500 shares during the period. Carret Asset Management LLC’s holdings in Telefonica SA were worth $257,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Macquarie Group Ltd. grew its stake in Telefonica SA by 11.0% during the first quarter. Macquarie Group Ltd. now owns 6,756,516 shares of the utilities provider’s stock worth $75,605,000 after buying an additional 667,294 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Telefonica SA by 7.5% during the second quarter. Goldman Sachs Group Inc. now owns 1,868,884 shares of the utilities provider’s stock worth $19,418,000 after buying an additional 130,157 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in Telefonica SA by 21.0% during the second quarter. Parametric Portfolio Associates LLC now owns 1,502,523 shares of the utilities provider’s stock worth $15,611,000 after buying an additional 260,372 shares during the last quarter. UBS Group AG grew its stake in Telefonica SA by 5.8% during the first quarter. UBS Group AG now owns 1,055,165 shares of the utilities provider’s stock worth $11,807,000 after buying an additional 57,407 shares during the last quarter. Finally, Aperio Group LLC grew its stake in Telefonica SA by 22.7% during the second quarter. Aperio Group LLC now owns 888,170 shares of the utilities provider’s stock worth $9,228,000 after buying an additional 164,131 shares during the last quarter. 0.93% of the stock is owned by hedge funds and other institutional investors.

Several analysts have weighed in on TEF shares. ValuEngine cut shares of Telefonica SA from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of Telefonica SA from a “buy” rating to a “strong sell” rating in a research note on Thursday, July 13th. BidaskClub raised shares of Telefonica SA from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Citigroup Inc. reaffirmed a “buy” rating on shares of Telefonica SA in a research note on Monday, September 4th. Finally, J P Morgan Chase & Co cut shares of Telefonica SA from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $11.00.

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Shares of Telefonica SA (NYSE:TEF) traded up 0.48% during trading on Friday, reaching $10.51. 1,252,338 shares of the company’s stock were exchanged. The stock has a market cap of $53.84 billion, a PE ratio of 17.69 and a beta of 1.31. Telefonica SA has a 52-week low of $8.15 and a 52-week high of $11.64. The stock’s 50 day moving average price is $10.73 and its 200-day moving average price is $10.96.

Telefonica SA (NYSE:TEF) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). Telefonica SA had a return on equity of 29.02% and a net margin of 5.18%. The business had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $15.01 billion. On average, equities research analysts forecast that Telefonica SA will post $0.89 EPS for the current year.

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. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

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Institutional Ownership by Quarter for Telefonica SA (NYSE:TEF)

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