M&T Bank Corp lifted its holdings in Telefonica SA (NYSE:TEF) by 52.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,096 shares of the utilities provider’s stock after buying an additional 16,835 shares during the period. M&T Bank Corp’s holdings in Telefonica SA were worth $510,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in shares of Telefonica SA by 53.7% in the 1st quarter. Wells Fargo & Company MN now owns 325,123 shares of the utilities provider’s stock worth $3,639,000 after purchasing an additional 113,532 shares during the period. US Bancorp DE increased its holdings in shares of Telefonica SA by 27.9% in the first quarter. US Bancorp DE now owns 38,706 shares of the utilities provider’s stock worth $433,000 after purchasing an additional 8,434 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Telefonica SA by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 172,881 shares of the utilities provider’s stock worth $1,935,000 after purchasing an additional 436 shares during the period. Sei Investments Co. increased its holdings 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 period. Finally, Ameriprise Financial Inc. increased its holdings in shares of Telefonica SA by 57.5% in the first quarter. Ameriprise Financial Inc. now owns 108,439 shares of the utilities provider’s stock worth $1,213,000 after purchasing an additional 39,607 shares during the period. Hedge funds and other institutional investors own 0.93% of the company’s stock.

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Shares of Telefonica SA (NYSE:TEF) opened at 10.51 on Friday. Telefonica SA has a 12-month low of $8.15 and a 12-month high of $11.64. The stock’s 50 day moving average is $10.73 and its 200-day moving average is $10.96. The stock has a market cap of $53.84 billion, a PE ratio of 17.69 and a beta of 1.31.

Telefonica SA (NYSE:TEF) last posted its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The firm had revenue of $14.24 billion for 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 analysts expect that Telefonica SA will post $0.89 EPS for the current year.

Several research analysts have recently weighed in on the stock. Berenberg Bank raised shares of Telefonica SA from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Zacks Investment Research lowered shares of Telefonica SA from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. J P Morgan Chase & Co lowered shares of Telefonica SA from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 5th. Citigroup Inc. reiterated a “buy” rating on shares of Telefonica SA in a research report on Monday, September 4th. Finally, ValuEngine lowered 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, six have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $11.00.

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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