Rhumbline Advisers Has $467,000 Position in Telefonica SA $TEF

Rhumbline Advisers grew its holdings in Telefonica SA (NYSE:TEF) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,249 shares of the utilities provider’s stock after purchasing an additional 5,829 shares during the quarter. Rhumbline Advisers’ holdings in Telefonica were worth $467,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in TEF. Cromwell Holdings LLC grew its position in shares of Telefonica by 50.4% in the first quarter. Cromwell Holdings LLC now owns 10,031 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 3,361 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of Telefonica in the fourth quarter valued at about $48,000. Momentous Wealth Management Inc. acquired a new stake in Telefonica during the first quarter worth about $50,000. Clarius Group LLC acquired a new stake in Telefonica during the first quarter worth about $55,000. Finally, Hamilton Capital LLC acquired a new stake in Telefonica during the first quarter worth about $58,000. 1.14% of the stock is owned by institutional investors and hedge funds.

Telefonica Trading Down 1.3%

Shares of TEF opened at $5.13 on Wednesday. Telefonica SA has a 1 year low of $3.89 and a 1 year high of $5.72. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.47. The stock has a 50 day simple moving average of $5.35 and a 200-day simple moving average of $5.11. The stock has a market cap of $29.06 billion, a PE ratio of -10.68, a PEG ratio of 0.59 and a beta of 0.56.

Telefonica (NYSE:TEF) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. Telefonica had a positive return on equity of 8.57% and a negative net margin of 5.88%.The business had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $9.03 billion. On average, sell-side analysts predict that Telefonica SA will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Telefonica to a “hold” rating in a research report on Thursday, June 26th. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

About Telefonica

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.