Telefonica SA (NYSE:TEF) shares saw an uptick in trading volume on Thursday . 1,789,821 shares traded hands during trading, an increase of 10% from the previous session’s volume of 1,621,802 shares.The stock last traded at $10.06 and had previously closed at $9.98.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. restated a “buy” rating on shares of Telefonica SA in a research report on Wednesday, May 11th. Zacks Investment Research lowered shares of Telefonica SA from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Goldman Sachs Group Inc. lowered shares of Telefonica SA from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Finally, Credit Suisse Group AG lowered shares of Telefonica SA to a “hold” rating in a research report on Thursday, May 26th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Telefonica SA has a consensus rating of “Hold” and a consensus price target of €11.00 ($12.22).

The stock has a market cap of $58.90 billion and a PE ratio of 28.63. The firm has a 50-day moving average of $9.57 and a 200-day moving average of $10.27.

An institutional investor recently raised its position in Telefonica SA stock. Dimensional Fund Advisors LP raised its stake in shares of Telefonica SA (NYSE:TEF) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 861,732 shares of the company’s stock after buying an additional 84,811 shares during the period. Dimensional Fund Advisors LP’s holdings in Telefonica SA were worth $9,531,000 at the end of the most recent quarter.

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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