Liberty Mutual Group Asset Management Inc. Takes Position in Telefonica SA (NYSE:TEF)

Liberty Mutual Group Asset Management Inc. purchased a new position in Telefonica SA (NYSE:TEF) during the first quarter, according to its most recent filing with the SEC. The firm purchased 38,800 shares of the utilities provider’s stock, valued at approximately $434,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TEF. Federated Investors Inc. PA bought a new position in Telefonica SA during the fourth quarter worth about $1,831,000. Comerica Bank raised its stake in shares of Telefonica SA by 12.1% in the fourth quarter. Comerica Bank now owns 285,124 shares of the utilities provider’s stock worth $2,777,000 after buying an additional 30,782 shares during the period. Guggenheim Capital LLC raised its stake in shares of Telefonica SA by 6.3% in the fourth quarter. Guggenheim Capital LLC now owns 119,487 shares of the utilities provider’s stock worth $1,099,000 after buying an additional 7,118 shares during the period. SOL Capital Management CO raised its stake in shares of Telefonica SA by 4.4% in the first quarter. SOL Capital Management CO now owns 67,002 shares of the utilities provider’s stock worth $750,000 after buying an additional 2,817 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Telefonica SA during the first quarter worth approximately $139,000. Hedge funds and other institutional investors own 0.93% of the company’s stock.

Telefonica SA (TEF) traded down 0.18% during midday trading on Friday, reaching $10.88. 776,364 shares of the company’s stock traded hands. The stock has a market cap of $55.07 billion, a PE ratio of 20.45 and a beta of 1.32. The stock’s 50 day moving average price is $10.77 and its 200-day moving average price is $10.62. Telefonica SA has a one year low of $8.15 and a one year high of $11.64.

The business also recently announced a None dividend, which was paid on Thursday, June 29th. Investors of record on Thursday, June 15th were issued a dividend of $0.168 per share. The ex-dividend date of this dividend was Tuesday, June 13th. Telefonica SA’s dividend payout ratio (DPR) is 98.08%.

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A number of analysts have commented on the stock. BidaskClub upgraded shares of Telefonica SA from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of Telefonica SA from a “buy” rating to a “strong sell” rating in a research note on Thursday, July 13th. ValuEngine upgraded shares of Telefonica SA from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 7th. BNP Paribas assumed coverage on shares of Telefonica SA in a research note on Wednesday, May 31st. They set a “neutral” rating for the company. Finally, TheStreet upgraded shares of Telefonica SA from a “c” rating to a “b” rating in a research note on Thursday, May 25th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.69.

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. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

Institutional Ownership by Quarter for Telefonica SA (NYSE:TEF)

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