Telefonica SA (TEF) Shares Sold by LPL Financial LLC

LPL Financial LLC cut its stake in shares of Telefonica SA (NYSE:TEF) by 3.8% during the third quarter, Holdings Channel reports. The firm owned 220,595 shares of the company’s stock after selling 8,685 shares during the period. LPL Financial LLC’s holdings in Telefonica SA were worth $2,210,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in TEF. Sei Investments Co. raised its stake in shares of Telefonica SA by 31.4% in the third quarter. Sei Investments Co. now owns 10,905 shares of the company’s stock valued at $110,000 after buying an additional 2,607 shares during the period. Johnson Investment Counsel Inc. purchased a new stake in shares of Telefonica SA during the third quarter valued at $112,000. Bellecapital International Ltd. purchased a new stake in shares of Telefonica SA during the second quarter valued at $119,000. Stevens Capital Management LP purchased a new stake in shares of Telefonica SA during the third quarter valued at $128,000. Finally, Wedbush Securities Inc. purchased a new stake in shares of Telefonica SA during the third quarter valued at $140,000. Institutional investors and hedge funds own 1.25% of the company’s stock.

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

Shares of Telefonica SA (NYSE:TEF) traded down 1.14% on Friday, reaching $9.58. The company’s stock had a trading volume of 715,829 shares. Telefonica SA has a 1-year low of $8.15 and a 1-year high of $11.43. The stock has a market cap of $47.04 billion, a PE ratio of 23.71 and a beta of 1.47. The company’s 50 day moving average is $9.54 and its 200-day moving average is $9.61.

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Several brokerages have recently weighed in on TEF. Credit Suisse Group upgraded Telefonica SA to a “buy” rating in a report on Friday, October 28th. Zacks Investment Research lowered Telefonica SA from a “hold” rating to a “sell” rating in a report on Tuesday, October 25th. J P Morgan Chase & Co set a €11.70 ($12.58) price objective on Telefonica SA and gave the company a “buy” rating in a report on Monday, October 24th. Royal Bank Of Canada started coverage on Telefonica SA in a report on Thursday, October 20th. They issued an “underperform” rating for the company. Finally, Goldman Sachs Group, Inc. (The) set a €9.60 ($10.32) target price on Telefonica SA and gave the company a “neutral” rating in a report on Friday, October 28th. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.13.

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. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.

5 Day Chart for NYSE:TEF

Want to see what other hedge funds are holding TEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telefonica SA (NYSE:TEF).

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