Mondrian Investment Partners LTD Has $30 Million Position in Telefonica S.A. (TEF)

Mondrian Investment Partners LTD reduced its stake in Telefonica S.A. (NYSE:TEF) by 13.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,588,847 shares of the utilities provider’s stock after selling 576,060 shares during the quarter. Mondrian Investment Partners LTD owned about 0.07% of Telefonica worth $30,003,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TEF. Morgan Stanley increased its holdings in shares of Telefonica by 26.9% during the third quarter. Morgan Stanley now owns 7,168,613 shares of the utilities provider’s stock valued at $56,346,000 after acquiring an additional 1,521,446 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Telefonica by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,492,482 shares of the utilities provider’s stock valued at $38,007,000 after acquiring an additional 347,299 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Telefonica during the fourth quarter valued at approximately $1,521,000. Pacer Advisors Inc. increased its holdings in shares of Telefonica by 62.2% during the first quarter. Pacer Advisors Inc. now owns 460,172 shares of the utilities provider’s stock valued at $3,847,000 after acquiring an additional 176,406 shares in the last quarter. Finally, Atlas Capital Advisors LLC increased its holdings in shares of Telefonica by 2,942.6% during the fourth quarter. Atlas Capital Advisors LLC now owns 76,400 shares of the utilities provider’s stock valued at $646,000 after acquiring an additional 73,889 shares in the last quarter. 0.97% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Telefonica from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine downgraded Telefonica from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Berenberg Bank reissued a “hold” rating on shares of Telefonica in a research report on Tuesday, March 19th. Goldman Sachs Group restated a “hold” rating on shares of Telefonica in a research note on Tuesday, February 26th. Finally, Sanford C. Bernstein restated a “sell” rating on shares of Telefonica in a research note on Friday, January 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $9.75.

Shares of Telefonica stock opened at $7.98 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.73 and a current ratio of 0.79. The stock has a market cap of $42.37 billion, a PE ratio of 8.40 and a beta of 0.67. Telefonica S.A. has a 12 month low of $7.70 and a 12 month high of $10.02.

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Telefonica Profile

Telefónica, SA provides mobile and fixed communication services primarily in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

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Institutional Ownership by Quarter for Telefonica (NYSE:TEF)

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