Mainstay Capital Management LLC ADV Boosts Holdings in Telefónica, S.A. (NYSE:TEF)

Mainstay Capital Management LLC ADV boosted its stake in Telefónica, S.A. (NYSE:TEF) by 8.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 385,851 shares of the utilities provider’s stock after acquiring an additional 29,059 shares during the period. Mainstay Capital Management LLC ADV’s holdings in Telefónica were worth $1,875,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Nia Impact Advisors LLC purchased a new position in shares of Telefónica during the second quarter worth approximately $3,645,000. Natixis Advisors LLC grew its position in Telefónica by 81.2% during the 2nd quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock worth $2,933,000 after purchasing an additional 312,113 shares during the last quarter. Blair William & Co. IL acquired a new position in Telefónica in the first quarter valued at $295,000. BNP Paribas Financial Markets raised its holdings in shares of Telefónica by 131.4% in the first quarter. BNP Paribas Financial Markets now owns 99,812 shares of the utilities provider’s stock valued at $440,000 after buying an additional 56,683 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of Telefónica by 21.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 300,304 shares of the utilities provider’s stock worth $1,324,000 after buying an additional 52,586 shares during the period. Institutional investors and hedge funds own 1.14% of the company’s stock.

Telefónica Stock Up 0.5 %

TEF opened at $4.67 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.81. Telefónica, S.A. has a 12 month low of $3.71 and a 12 month high of $4.93. The stock has a market capitalization of $26.45 billion, a P/E ratio of -29.16 and a beta of 0.67. The business has a 50 day simple moving average of $4.71 and a 200-day simple moving average of $4.52.

Telefónica (NYSE:TEF) last released its earnings results on Wednesday, July 31st. The utilities provider reported $0.11 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $10.85 billion. On average, equities analysts anticipate that Telefónica, S.A. will post 0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TEF has been the subject of several analyst reports. New Street Research downgraded Telefónica from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 5th. Bank of America cut Telefónica from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. HSBC upgraded shares of Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of Telefónica from a “buy” rating to a “hold” rating in a research report on Saturday, October 12th. Finally, Hsbc Global Res raised shares of Telefónica to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, Telefónica has an average rating of “Hold”.

Telefónica 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.