Telefónica, S.A. (NYSE:TEF) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its stake in shares of Telefónica, S.A. (NYSE:TEF) by 11.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 236,879 shares of the utilities provider’s stock after selling 31,464 shares during the period. Raymond James & Associates’ holdings in Telefónica were worth $924,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in Telefónica by 44.1% during the first quarter. Bank of America Corp DE now owns 9,594,897 shares of the utilities provider’s stock worth $41,066,000 after buying an additional 2,934,188 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake 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 valued at $33,329,000 after purchasing an additional 1,689,076 shares in the last quarter. Royal Bank of Canada raised its holdings in Telefónica by 1,698.8% during the first 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 last quarter. Jane Street Group LLC boosted its position in Telefónica by 146.4% during the third quarter. Jane Street Group LLC now owns 2,114,241 shares of the utilities provider’s stock worth $6,850,000 after purchasing an additional 1,256,172 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Telefónica by 2,213.1% in the first quarter. Bank of Montreal Can now owns 1,120,991 shares of the utilities provider’s stock valued at $5,459,000 after purchasing an additional 1,072,528 shares during the last quarter. 1.14% of the stock is owned by institutional investors and hedge funds.

Telefónica Stock Up 1.2 %

Shares of NYSE:TEF opened at $4.27 on Monday. The company has a market capitalization of $24.66 billion, a P/E ratio of -20.33, a P/E/G ratio of 2.95 and a beta of 0.70. The stock’s fifty day simple moving average is $4.18 and its 200-day simple moving average is $4.08. Telefónica, S.A. has a 52-week low of $3.71 and a 52-week high of $4.53. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 1.23.

Telefónica (NYSE:TEF) last released its earnings results on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $10.93 billion for the quarter, compared to analyst estimates of $12.09 billion. Telefónica had a negative net margin of 2.16% and a positive return on equity of 7.38%. During the same period in the prior year, the firm earned $0.12 EPS. As a group, equities research analysts forecast that Telefónica, S.A. will post 0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Telefónica from a “buy” rating to a “hold” rating in a report on Monday, March 11th.

Telefónica Company Profile

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