Telefonica SA (NYSE:TEF) shares saw strong trading volume on Thursday . 1,789,821 shares were traded during mid-day 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 equities analysts have recently commented on the company. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Telefonica SA in a research note on Wednesday, May 11th. Zacks Investment Research lowered Telefonica SA from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Goldman Sachs Group Inc. lowered Telefonica SA from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Finally, Credit Suisse Group AG lowered Telefonica SA to a “hold” rating in a research note on Thursday, May 26th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Telefonica SA has an average rating of “Hold” and an average price target of €11.00 ($12.22).

The stock has a market cap of $58.90 billion and a PE ratio of 28.71. The stock has a 50-day moving average of $9.55 and a 200-day moving average of $10.27.

An institutional investor recently raised its position in Telefonica SA stock. Dimensional Fund Advisors LP increased its stake in Telefonica SA (NYSE:TEF) by 10.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 reporting period.

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.