Usca Ria LLC cut its position in shares of Telefonica SA (NYSE:TEF) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,633 shares of the utilities provider’s stock after selling 300 shares during the period. Usca Ria LLC’s holdings in Telefonica SA were worth $162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Point View Wealth Management Inc. raised its position in Telefonica SA by 6.6% in the first quarter. Point View Wealth Management Inc. now owns 82,434 shares of the utilities provider’s stock worth $922,000 after buying an additional 5,136 shares during the period. US Bancorp DE increased its stake 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 buying an additional 8,434 shares during the period. Checchi Capital Advisers LLC increased its stake in shares of Telefonica SA by 18.5% in the first quarter. Checchi Capital Advisers LLC now owns 31,194 shares of the utilities provider’s stock worth $349,000 after buying an additional 4,867 shares during the period. Princeton Alpha Management LP acquired a new stake in shares of Telefonica SA during the first quarter worth about $249,000. Finally, HPM Partners LLC acquired a new stake in shares of Telefonica SA during the first quarter worth about $519,000. Hedge funds and other institutional investors own 0.93% of the company’s stock.

Telefonica SA (NYSE TEF) opened at 10.82 on Wednesday. The firm’s 50-day moving average price is $10.95 and its 200 day moving average price is $10.87. Telefonica SA has a 52-week low of $8.15 and a 52-week high of $11.64. The firm has a market cap of $55.43 billion, a PE ratio of 18.59 and a beta of 1.34.

Telefonica SA (NYSE:TEF) last announced its earnings results on Thursday, July 27th. The utilities provider reported $0.16 earnings per share (EPS) 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 company had revenue of $14.24 billion for the quarter, compared to analyst estimates of $15.01 billion. On average, equities analysts anticipate that Telefonica SA will post $0.89 earnings per share for the current year.

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A number of brokerages have issued reports on TEF. TheStreet raised Telefonica SA from a “c” rating to a “b” rating in a report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) raised Telefonica SA from a “neutral” rating to a “buy” rating in a report on Wednesday, May 17th. BidaskClub downgraded Telefonica SA from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. BNP Paribas assumed coverage on Telefonica SA in a report on Wednesday, May 31st. They issued a “neutral” rating for the company. Finally, Zacks Investment Research downgraded Telefonica SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $10.68.

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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