Blue Trust Inc. Purchases 37,859 Shares of Telefónica, S.A. (NYSE:TEF)

Blue Trust Inc. lifted its position in Telefónica, S.A. (NYSE:TEF) by 112.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,545 shares of the utilities provider’s stock after acquiring an additional 37,859 shares during the quarter. Blue Trust Inc.’s holdings in Telefónica were worth $348,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Telefónica by 2.1% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 135,936 shares of the utilities provider’s stock valued at $661,000 after buying an additional 2,768 shares during the period. Russell Investments Group Ltd. grew its position in Telefónica by 113.9% in the 1st quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 3,135 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Telefónica by 171.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 3,590 shares during the period. 180 Wealth Advisors LLC lifted its position in shares of Telefónica by 11.4% during the first quarter. 180 Wealth Advisors LLC now owns 39,655 shares of the utilities provider’s stock worth $175,000 after purchasing an additional 4,050 shares during the last quarter. Finally, Gallacher Capital Management LLC boosted its stake in shares of Telefónica by 5.2% during the second quarter. Gallacher Capital Management LLC now owns 98,044 shares of the utilities provider’s stock valued at $413,000 after purchasing an additional 4,886 shares during the period. 1.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TEF. Bank of America downgraded shares of Telefónica from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. StockNews.com lowered shares of Telefónica from a “buy” rating to a “hold” rating in a research report on Saturday, October 12th. HSBC raised Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. New Street Research lowered Telefónica from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 5th. Finally, Hsbc Global Res raised Telefónica to a “hold” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Telefónica Price Performance

Shares of TEF opened at $4.65 on Thursday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.81 and a current ratio of 0.85. The company has a 50 day moving average price of $4.71 and a 200-day moving average price of $4.52. Telefónica, S.A. has a fifty-two week low of $3.71 and a fifty-two week high of $4.93. The stock has a market capitalization of $26.37 billion, a PE ratio of -29.06 and a beta of 0.67.

Telefónica (NYSE:TEF) last issued 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. The company had revenue of $11.04 billion during the quarter, compared to the consensus estimate of $10.85 billion. Telefónica had a negative net margin of 1.62% and a positive return on equity of 9.18%. Equities analysts predict that Telefónica, S.A. will post 0.35 earnings per share for the current fiscal year.

About Telefónica

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.