Telefonica SA (NYSE:TEF) Position Raised by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. boosted its stake in shares of Telefonica SA (NYSE:TEF) by 7.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,738,727 shares of the utilities provider’s stock after buying an additional 124,263 shares during the period. Goldman Sachs Group Inc.’s holdings in Telefonica SA were worth $19,456,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TEF. HighTower Advisors LLC increased its position in Telefonica SA by 1.2% in the first quarter. HighTower Advisors LLC now owns 17,725 shares of the utilities provider’s stock valued at $198,000 after buying an additional 215 shares during the last quarter. Bank of New York Mellon Corp increased its position in Telefonica SA by 0.3% in the first quarter. Bank of New York Mellon Corp now owns 172,881 shares of the utilities provider’s stock valued at $1,935,000 after buying an additional 436 shares during the last quarter. CIBC World Markets Inc. increased its position in Telefonica SA by 4.0% in the first quarter. CIBC World Markets Inc. now owns 34,263 shares of the utilities provider’s stock valued at $383,000 after buying an additional 1,325 shares during the last quarter. M&T Bank Corp increased its position in Telefonica SA by 5.0% in the first quarter. M&T Bank Corp now owns 32,261 shares of the utilities provider’s stock valued at $361,000 after buying an additional 1,525 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in Telefonica SA by 11.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 16,274 shares of the utilities provider’s stock valued at $182,000 after buying an additional 1,699 shares during the last quarter. Institutional investors own 0.93% of the company’s stock.

Shares of Telefonica SA (NYSE TEF) traded up 0.17% during mid-day trading on Tuesday, hitting $11.48. 1,054,034 shares of the stock traded hands. The stock has a market cap of $58.81 billion, a PE ratio of 19.97 and a beta of 1.34. Telefonica SA has a one year low of $8.15 and a one year high of $11.64. The stock has a 50-day moving average of $10.73 and a 200 day moving average of $10.72.

Telefonica SA (NYSE:TEF) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $14.24 billion during the quarter, compared to the consensus estimate of $15.01 billion. Telefonica SA had a net margin of 5.18% and a return on equity of 29.02%. Equities analysts predict that Telefonica SA will post $0.89 EPS for the current fiscal year.

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Several research firms have issued reports on TEF. BidaskClub raised shares of Telefonica SA from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Telefonica SA from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 27th. Citigroup Inc. restated a “buy” rating on shares of Telefonica SA in a research report on Tuesday, July 25th. ValuEngine upgraded shares of Telefonica SA from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 7th. Finally, BNP Paribas initiated coverage on shares of Telefonica SA in a research report on Wednesday, May 31st. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $10.68.

About Telefonica SA

Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

Institutional Ownership by Quarter for Telefonica SA (NYSE:TEF)

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