Telefonica SA (NYSE:TEF) saw unusually-strong trading volume on Thursday . Approximately 1,474,964 shares traded hands during trading, an increase of 6% from the previous session’s volume of 1,390,688 shares.The stock last traded at $10.11 and had previously closed at $10.06.

A number of equities analysts recently issued reports on TEF shares. JPMorgan Chase & Co. reissued a “buy” rating on shares of Telefonica SA in a report on Wednesday, May 11th. Credit Suisse Group AG lowered Telefonica SA to a “hold” rating in a report on Thursday, May 26th. Zacks Investment Research lowered Telefonica SA from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. Finally, Goldman Sachs Group Inc. lowered Telefonica SA from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Four analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of €11.75 ($13.20).

The company has a market capitalization of $59.25 billion and a P/E ratio of 28.24. The stock’s 50 day moving average price is $9.83 and its 200-day moving average price is $10.25.

An institutional investor recently raised its position in Telefonica SA stock. Morgan Stanley boosted its position in shares of Telefonica SA (NYSE:TEF) by 33.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,323,952 shares of the company’s stock after buying an additional 329,986 shares during the period. Morgan Stanley’s holdings in Telefonica SA were worth $14,643,000 as of its most recent filing with the SEC.

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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