Telefónica, S.A. (NYSE:TEF) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV boosted its stake in shares of Telefónica, S.A. (NYSE:TEF) by 26.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 115,043 shares of the utilities provider’s stock after purchasing an additional 23,789 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Telefónica were worth $484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nia Impact Advisors LLC acquired a new position in shares of Telefónica in the 2nd quarter valued at about $3,645,000. Natixis Advisors LLC grew its holdings in Telefónica by 81.2% during the second quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock valued at $2,933,000 after purchasing an additional 312,113 shares during the last quarter. Morningstar Investment Services LLC grew its holdings in Telefónica by 101.0% during the fourth quarter. Morningstar Investment Services LLC now owns 197,962 shares of the utilities provider’s stock valued at $774,000 after purchasing an additional 99,488 shares during the last quarter. Blair William & Co. IL acquired a new position in Telefónica during the first quarter valued at approximately $295,000. Finally, BNP Paribas Financial Markets grew its holdings in Telefónica by 131.4% during the first quarter. BNP Paribas Financial Markets now owns 99,812 shares of the utilities provider’s stock valued at $440,000 after purchasing an additional 56,683 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

Telefónica Price Performance

Telefónica stock opened at $4.89 on Friday. The firm has a market capitalization of $27.73 billion, a P/E ratio of -30.56 and a beta of 0.67. Telefónica, S.A. has a 1 year low of $3.71 and a 1 year high of $4.93. The business has a 50-day moving average of $4.60 and a 200-day moving average of $4.46. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.37.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Bank of America downgraded shares of Telefónica from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft cut Telefónica from a “hold” rating to a “sell” rating in a report on Thursday, June 13th. StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a report on Thursday. Finally, New Street Research cut Telefónica from a “strong-buy” rating to a “hold” rating in a report on Friday, July 5th.

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.