Telefónica (NYSE:TEF) Trading Down 1.8%

Telefónica, S.A. (NYSE:TEF) shares were down 1.8% during mid-day trading on Thursday . The company traded as low as $4.81 and last traded at $4.81. Approximately 66,132 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 711,821 shares. The stock had previously closed at $4.90.

Wall Street Analyst Weigh In

TEF has been the topic of several recent analyst reports. Bank of America lowered shares of Telefónica from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered Telefónica from a “hold” rating to a “sell” rating in a report on Thursday, June 13th. New Street Research cut Telefónica from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 5th. Finally, StockNews.com lowered shares of Telefónica from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.

Telefónica Trading Down 1.4 %

The stock’s 50 day simple moving average is $4.53 and its two-hundred day simple moving average is $4.43. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.81 and a current ratio of 0.85.

Telefónica (NYSE:TEF) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. The company had revenue of $11.04 billion for the quarter, compared to the consensus estimate of $10.85 billion. On average, equities analysts predict that Telefónica, S.A. will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of Telefónica

Several large investors have recently added to or reduced their stakes in TEF. Gabelli Funds LLC raised its stake in shares of Telefónica by 2.6% during the fourth quarter. Gabelli Funds LLC now owns 1,519,000 shares of the utilities provider’s stock valued at $5,924,000 after purchasing an additional 39,000 shares during the period. American Century Companies Inc. increased its stake in Telefónica by 0.4% during the 2nd quarter. American Century Companies Inc. now owns 1,258,793 shares of the utilities provider’s stock worth $5,300,000 after buying an additional 4,949 shares during the period. Nia Impact Advisors LLC acquired a new position in Telefónica in the 2nd quarter worth $3,645,000. Natixis Advisors LLC boosted its position in Telefónica by 81.2% in the 2nd quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock valued at $2,933,000 after buying an additional 312,113 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Telefónica by 1.6% during the fourth quarter. Crossmark Global Holdings Inc. now owns 373,929 shares of the utilities provider’s stock valued at $1,459,000 after acquiring an additional 6,066 shares in the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

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.