Stonebridge Capital Management Inc. held its position in shares of Telefonica SA (NYSE:TEF) during the second quarter, Holdings Channel reports. The institutional investor owned 50,159 shares of the company’s stock at the end of the second quarter. Stonebridge Capital Management Inc.’s holdings in Telefonica SA were worth $476,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of 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. boosted 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 valued at $183,000 after buying an additional 4,176 shares in the last quarter. M&T Bank Corp boosted 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 valued at $335,000 after buying an additional 1,358 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Telefonica SA during the second quarter valued at $336,000. Finally, Conning Inc. acquired a new position in shares of Telefonica SA during the second quarter valued at $421,000. 1.36% of the stock is owned by institutional investors.
Shares of Telefonica SA (NYSE:TEF) traded up 1.54% during midday trading on Wednesday, reaching $10.52. The company’s stock had a trading volume of 685,192 shares. The stock has a market cap of $61.65 billion, a PE ratio of 29.89 and a beta of 1.47. Telefonica SA has a one year low of $8.34 and a one year high of $13.53. The firm has a 50-day moving average of $10.21 and a 200-day moving average of $10.24.
Several research firms recently weighed in on TEF. Zacks Investment Research raised shares of Telefonica SA from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. cut shares of Telefonica SA from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Telefonica SA presently has an average rating of “Hold” and a consensus price target of €11.00 ($12.22).
About Telefonica SA
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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