Telefónica, S.A. (NYSE:TEF) Sees Significant Growth in Short Interest

Telefónica, S.A. (NYSE:TEFGet Rating) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 3,530,000 shares, a growth of 81.0% from the March 31st total of 1,950,000 shares. Based on an average daily volume of 2,150,000 shares, the short-interest ratio is currently 1.6 days.

A number of institutional investors and hedge funds have recently bought and sold shares of TEF. IPG Investment Advisors LLC purchased a new stake in Telefónica in the 4th quarter valued at about $21,435,000. Barclays PLC lifted its stake in shares of Telefónica by 1,423.0% in the 4th quarter. Barclays PLC now owns 1,843,402 shares of the utilities provider’s stock valued at $7,816,000 after purchasing an additional 1,722,361 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Telefónica in the 3rd quarter valued at about $5,722,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Telefónica in the 3rd quarter valued at about $4,405,000. Finally, First Trust Advisors LP lifted its stake in shares of Telefónica by 308.3% in the 1st quarter. First Trust Advisors LP now owns 755,382 shares of the utilities provider’s stock valued at $6,315,000 after purchasing an additional 570,383 shares in the last quarter. Institutional investors own 5.96% of the company’s stock.

Several brokerages have commented on TEF. New Street Research lowered shares of Telefónica from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 19th. StockNews.com downgraded Telefónica from a “buy” rating to a “hold” rating in a report on Monday, March 28th. Morgan Stanley increased their price objective on Telefónica from €4.60 ($4.95) to €4.80 ($5.16) and gave the company an “equal weight” rating in a report on Thursday, March 31st. Zacks Investment Research raised Telefónica from a “sell” rating to a “hold” rating and set a $5.00 price objective for the company in a report on Tuesday, February 1st. Finally, Barclays decreased their price objective on Telefónica from €4.20 ($4.52) to €4.00 ($4.30) in a report on Friday, April 1st. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat.com, Telefónica currently has an average rating of “Hold” and a consensus price target of $4.48.

Telefónica stock opened at $4.78 on Friday. The stock has a market cap of $27.62 billion, a PE ratio of 2.78, a P/E/G ratio of 0.96 and a beta of 0.66. The stock has a 50-day moving average price of $4.78 and a 200 day moving average price of $4.58. Telefónica has a 52 week low of $4.10 and a 52 week high of $5.39. The company has a current ratio of 0.98, a quick ratio of 0.91 and a debt-to-equity ratio of 1.23.

Telefónica (NYSE:TEFGet Rating) last posted its quarterly earnings data on Thursday, February 24th. The utilities provider reported $0.08 EPS for the quarter. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Telefónica had a return on equity of 9.02% and a net margin of 21.20%. On average, equities analysts predict that Telefónica will post 0.34 EPS for the current year.

About Telefónica (Get Rating)

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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