Telefonica S.A. (NYSE:TEF) Short Interest Up 25.7% in August

Telefonica S.A. (NYSE:TEF) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 2,045,200 shares, a growth of 25.7% from the July 31st total of 1,626,800 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,840,000 shares, the days-to-cover ratio is presently 1.1 days.

Shares of Telefonica stock traded up $0.08 during trading hours on Thursday, reaching $7.41. 2,217,404 shares of the company’s stock were exchanged, compared to its average volume of 1,825,870. Telefonica has a 1 year low of $6.50 and a 1 year high of $9.08. The company has a market capitalization of $38.01 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 1.59 and a beta of 0.71. The business has a fifty day moving average of $7.11 and a two-hundred day moving average of $8.03. The company has a quick ratio of 0.79, a current ratio of 0.84 and a debt-to-equity ratio of 1.98.

Telefonica (NYSE:TEF) last released its earnings results on Thursday, July 25th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter. Telefonica had a net margin of 7.27% and a return on equity of 16.21%. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.54 billion. As a group, research analysts predict that Telefonica will post 0.77 EPS for the current year.



TEF has been the subject of a number of research reports. Bank of America lowered shares of Telefonica from a “buy” rating to a “neutral” rating in a report on Tuesday, August 13th. UBS Group lowered shares of Telefonica from a “buy” rating to a “neutral” rating in a report on Thursday, August 8th. Deutsche Bank reaffirmed a “buy” rating on shares of Telefonica in a report on Friday, May 24th. Zacks Investment Research raised shares of Telefonica from a “sell” rating to a “hold” rating and set a $8.50 target price for the company in a report on Tuesday, May 28th. Finally, TheStreet lowered shares of Telefonica from a “b-” rating to a “c+” rating in a report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Telefonica has an average rating of “Hold” and an average price target of $8.50.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Redwood Investment Management LLC purchased a new stake in shares of Telefonica in the first quarter valued at about $431,000. US Bancorp DE grew its holdings in shares of Telefonica by 4.9% in the first quarter. US Bancorp DE now owns 66,626 shares of the utilities provider’s stock valued at $558,000 after purchasing an additional 3,141 shares during the period. Zions Bancorporation N.A. purchased a new stake in shares of Telefonica in the first quarter valued at about $28,000. Atria Investments LLC purchased a new stake in shares of Telefonica in the second quarter valued at about $1,449,000. Finally, Blackhawk Capital Partners LLC. purchased a new stake in shares of Telefonica in the second quarter valued at about $236,000. 0.97% of the stock is owned by hedge funds and other institutional investors.

Telefonica Company 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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