Eaton Vance Management lowered its position in Telefonica SA (NYSE:TEF) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 16,440 shares of the company’s stock after selling 273 shares during the period. Eaton Vance Management’s holdings in Telefonica SA were worth $156,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Gabelli Funds LLC raised its stake in shares of Telefonica SA by 0.3% in the second quarter. Gabelli Funds LLC now owns 1,909,523 shares of the company’s stock worth $18,102,000 after buying an additional 5,872 shares during the period. UBS Group AG raised its stake in shares of Telefonica SA by 16.7% in the first quarter. UBS Group AG now owns 595,822 shares of the company’s stock worth $6,632,000 after buying an additional 85,256 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Telefonica SA by 4.4% in the second quarter. PNC Financial Services Group Inc. now owns 417,329 shares of the company’s stock worth $3,958,000 after buying an additional 17,571 shares during the period. World Asset Management Inc raised its stake in shares of Telefonica SA by 8.3% in the second quarter. World Asset Management Inc now owns 307,941 shares of the company’s stock worth $2,919,000 after buying an additional 23,630 shares during the period. Finally, BlackRock Inc. bought a new stake in shares of Telefonica SA during the first quarter worth about $3,133,000. 1.36% of the stock is owned by hedge funds and other institutional investors.
Shares of Telefonica SA (NYSE:TEF) traded down 0.443% during midday trading on Tuesday, hitting $10.115. 1,446,984 shares of the company’s stock traded hands. The firm has a market capitalization of $59.28 billion, a price-to-earnings ratio of 28.573 and a beta of 1.52. Telefonica SA has a 1-year low of $8.34 and a 1-year high of $13.53. The company has a 50 day moving average price of $10.24 and a 200 day moving average price of $10.21.
Several equities research analysts recently weighed in on TEF shares. Zacks Investment Research lowered shares of Telefonica SA from a “buy” rating to a “hold” rating in a research note on Friday, September 16th. Goldman Sachs Group Inc. lowered shares of Telefonica SA from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price 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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