Guggenheim Capital LLC Sells 46,825 Shares of Telefónica, S.A. (NYSE:TEF)

Guggenheim Capital LLC lowered its position in shares of Telefónica, S.A. (NYSE:TEF – Get Rating) by 21.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,290 shares of the utilities provider’s stock after selling 46,825 shares during the period. Guggenheim Capital LLC’s holdings in Telefónica were worth $561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TEF. Arrowstreet Capital Limited Partnership grew its position in Telefónica by 32.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,943,536 shares of the utilities provider’s stock worth $33,329,000 after purchasing an additional 1,689,076 shares during the period. BlackRock Inc. grew its position in Telefónica by 14.0% in the 1st quarter. BlackRock Inc. now owns 5,299,210 shares of the utilities provider’s stock worth $25,436,000 after purchasing an additional 649,678 shares during the period. Goldman Sachs Group Inc. grew its position in Telefónica by 15.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,977,734 shares of the utilities provider’s stock worth $25,536,000 after purchasing an additional 652,477 shares during the period. Northern Trust Corp grew its position in Telefónica by 3.4% in the 2nd quarter. Northern Trust Corp now owns 2,358,949 shares of the utilities provider’s stock worth $12,102,000 after purchasing an additional 77,149 shares during the period. Finally, Royal Bank of Canada grew its position in Telefónica by 1,698.8% in the 1st quarter. Royal Bank of Canada now owns 1,556,143 shares of the utilities provider’s stock worth $7,469,000 after purchasing an additional 1,469,632 shares during the period. Institutional investors own 6.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Telefónica from a “buy” rating to a “hold” rating in a research report on Monday, February 20th. The Goldman Sachs Group raised shares of Telefónica from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 14th. Credit Suisse Group boosted their price objective on shares of Telefónica from €4.10 ($4.36) to €4.20 ($4.47) and gave the company a “neutral” rating in a research report on Thursday, November 17th. JPMorgan Chase & Co. cut their price objective on shares of Telefónica from €2.70 ($2.87) to €2.50 ($2.66) and set an “underweight” rating for the company in a research report on Thursday, January 5th. Finally, StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a research report on Monday, February 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Telefónica has an average rating of “Hold” and an average price target of $4.00.

Telefónica Price Performance

TEF opened at $4.12 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.91 and a current ratio of 0.98. Telefónica, S.A. has a fifty-two week low of $3.10 and a fifty-two week high of $5.39. The firm’s fifty day moving average is $3.92 and its 200 day moving average is $3.71. The stock has a market cap of $23.79 billion, a price-to-earnings ratio of 12.12 and a beta of 0.59.

Telefónica (NYSE:TEF – Get Rating) last released its earnings results on Thursday, February 23rd. The utilities provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Telefónica had a net margin of 5.07% and a return on equity of 6.53%. The company had revenue of $10.42 billion for the quarter, compared to analysts’ expectations of $10.56 billion. On average, sell-side analysts forecast that Telefónica, S.A. will post 0.25 earnings per share for the current fiscal year.

About Telefónica

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Telefónica SA engages in the provision of communication, information and entertainment solutions. It operates through the following brands: Telefónica, Movistar, O2, and Vivo. The company was founded on April 19, 1924 and is headquartered in Madrid, Spain.