Stifel Financial Corp increased its holdings in Telefonica SA (NYSE:TEF) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,357 shares of the utilities provider’s stock after purchasing an additional 7,805 shares during the quarter. Stifel Financial Corp’s holdings in Telefonica SA were worth $1,768,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Eagle Ridge Investment Management bought a new stake in shares of Telefonica SA in the second quarter worth $114,000. Sei Investments Co. grew its stake in shares of Telefonica SA by 43.9% in the first quarter. Sei Investments Co. now owns 10,898 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 3,327 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Telefonica SA by 3.1% in the second quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 406 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Telefonica SA by 31.9% in the second quarter. Raymond James Trust N.A. now owns 13,452 shares of the utilities provider’s stock worth $139,000 after purchasing an additional 3,252 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Telefonica SA by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock worth $142,000 after purchasing an additional 118 shares during the last quarter. 0.93% of the stock is currently owned by institutional investors.

Shares of Telefonica SA (NYSE:TEF) opened at 10.62 on Tuesday. The stock has a market cap of $54.41 billion, a price-to-earnings ratio of 17.88 and a beta of 1.31. Telefonica SA has a 1-year low of $8.15 and a 1-year high of $11.64. The firm has a 50-day moving average of $10.73 and a 200 day moving average of $10.93.

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

TEF has been the topic of a number of research analyst reports. BidaskClub raised shares of Telefonica SA from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Telefonica SA from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 27th. Citigroup Inc. reaffirmed a “buy” rating on shares of Telefonica SA in a research report on Tuesday, July 25th. J P Morgan Chase & Co cut shares of Telefonica SA from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 5th. Finally, ValuEngine cut shares of Telefonica SA from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.00.

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Telefonica SA Profile

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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