SOL Capital Management CO Has $526,000 Position in Telefonica SA (TEF)
SOL Capital Management CO increased its stake in Telefonica SA (NYSE:TEF) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,480 shares of the company’s stock after buying an additional 3,167 shares during the period. SOL Capital Management CO’s holdings in Telefonica SA were worth $526,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of TEF. BNP Paribas Arbitrage SA raised its position in Telefonica SA by 188.8% in the second quarter. BNP Paribas Arbitrage SA now owns 17,889 shares of the company’s stock valued at $170,000 after buying an additional 11,694 shares in the last quarter. Private Bank & Trust Co. raised its position in shares of Telefonica SA by 27.6% in the second quarter. Private Bank & Trust Co. now owns 19,311 shares of the company’s stock worth $183,000 after buying an additional 4,176 shares during the period. M&T Bank Corp raised its position in shares of Telefonica SA by 4.7% in the first quarter. M&T Bank Corp now owns 30,085 shares of the company’s stock worth $335,000 after buying an additional 1,358 shares during the period. Bank of Montreal Can acquired a new position in shares of Telefonica SA during the second quarter worth $336,000. Finally, Conning Inc. acquired a new position in shares of Telefonica SA during the second quarter worth $421,000. 1.36% of the stock is owned by hedge funds and other institutional investors.
Telefonica SA (NYSE:TEF) traded up 0.73% during midday trading on Friday, hitting $9.66. 938,807 shares of the stock traded hands. Telefonica SA has a 12 month low of $8.34 and a 12 month high of $13.53. The stock has a market cap of $56.61 billion, a PE ratio of 27.52 and a beta of 1.52. The company has a 50-day moving average of $10.19 and a 200-day moving average of $10.16.
TEF has been the subject of a number of recent analyst reports. Zacks Investment Research raised Telefonica SA from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Wednesday, August 31st. Goldman Sachs Group Inc. lowered Telefonica SA from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of €11.00 ($12.22).
Telefonica SA Company Profile
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. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.
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