Telefónica, S.A. (NYSE:TEF) Short Interest Update

Telefónica, S.A. (NYSE:TEFGet Rating) saw a large drop in short interest in May. As of May 31st, there was short interest totalling 2,130,000 shares, a drop of 54.9% from the May 15th total of 4,720,000 shares. Based on an average daily volume of 1,810,000 shares, the short-interest ratio is currently 1.2 days.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its position in shares of Telefónica by 350.5% in the first quarter. Steward Partners Investment Advisory LLC now owns 7,320 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 5,695 shares in the last quarter. National Bank of Canada FI bought a new position in Telefónica during the fourth quarter valued at approximately $39,000. Concord Wealth Partners raised its position in Telefónica by 722.5% during the fourth quarter. Concord Wealth Partners now owns 9,401 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 8,258 shares in the last quarter. UMB Bank N A MO bought a new position in Telefónica during the fourth quarter valued at approximately $40,000. Finally, Roosevelt Investment Group LLC bought a new position in Telefónica during the fourth quarter valued at approximately $44,000. 6.25% of the stock is owned by institutional investors and hedge funds.

TEF stock opened at $4.75 on Friday. The firm has a 50-day moving average of $5.04 and a two-hundred day moving average of $4.70. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $27.45 billion, a PE ratio of 2.83, a P/E/G ratio of 0.99 and a beta of 0.60. Telefónica has a one year low of $4.10 and a one year high of $5.39.

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 27th. Stockholders of record on Thursday, June 2nd will be given a $0.103 dividend. This represents a dividend yield of 4.05%. The ex-dividend date is Wednesday, June 1st. Telefónica’s dividend payout ratio (DPR) is 12.50%.

Several equities analysts have recently weighed in on TEF shares. JPMorgan Chase & Co. reduced their price objective on shares of Telefónica from €4.30 ($4.62) to €4.10 ($4.41) and set an “underweight” rating for the company in a research report on Tuesday, May 3rd. New Street Research lowered shares of Telefónica from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 19th. Morgan Stanley upped their price objective on shares of Telefónica from €4.80 ($5.16) to €5.20 ($5.59) in a research note on Sunday, May 15th. StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Wednesday, June 1st. Finally, Barclays reduced their price objective on shares of Telefónica from €4.20 ($4.52) to €4.00 ($4.30) in a research note on Friday, April 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.46.

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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