Gallacher Capital Management LLC Grows Holdings in Telefónica, S.A. (NYSE:TEF)

Gallacher Capital Management LLC increased its stake in Telefónica, S.A. (NYSE:TEF) by 5.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,044 shares of the utilities provider’s stock after buying an additional 4,886 shares during the period. Gallacher Capital Management LLC’s holdings in Telefónica were worth $413,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in Telefónica by 171.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 3,590 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Telefónica by 113.9% in the first quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 3,135 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Telefónica in the first quarter valued at about $34,000. D Orazio & Associates Inc. acquired a new stake in Telefónica during the fourth quarter valued at approximately $43,000. Finally, Principal Street Partners LLC bought a new position in Telefónica during the 4th quarter worth approximately $45,000. 1.14% of the stock is owned by institutional investors and hedge funds.

Telefónica Stock Performance

Shares of TEF opened at $4.68 on Friday. Telefónica, S.A. has a one year low of $3.71 and a one year high of $4.80. The company has a 50-day moving average of $4.46 and a two-hundred day moving average of $4.39. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.81. The stock has a market cap of $26.54 billion, a price-to-earnings ratio of -29.25 and a beta of 0.67.

Telefónica (NYSE:TEF) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $11.04 billion for the quarter, compared to the consensus estimate of $10.85 billion. Telefónica had a negative net margin of 1.62% and a positive return on equity of 9.18%. On average, equities research analysts expect that Telefónica, S.A. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TEF. New Street Research downgraded Telefónica from a “strong-buy” rating to a “hold” rating in a report on Friday, July 5th. Bank of America cut shares of Telefónica from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of Telefónica from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th. Finally, StockNews.com downgraded shares of Telefónica from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Telefónica Profile

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company offers mobile and related services and products, such as mobile voice, value added, mobile data and internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.