Telefonica S.A. (NYSE:TEF) Short Interest Update

Telefonica S.A. (NYSE:TEF) was the target of a large growth in short interest in the month of 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. Based on an average trading volume of 1,840,000 shares, the short-interest ratio is currently 1.1 days. Currently, 0.0% of the shares of the stock are sold short.

Telefonica stock traded up $0.01 during midday trading on Friday, reaching $7.42. 1,961,663 shares of the stock were exchanged, compared to its average volume of 1,826,665. The company’s fifty day moving average is $7.09 and its 200-day moving average is $8.02. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.79 and a current ratio of 0.84. The firm has a market cap of $38.68 billion, a PE ratio of 7.81, a PEG ratio of 1.59 and a beta of 0.71. Telefonica has a 52 week low of $6.50 and a 52 week high of $9.08.

Telefonica (NYSE:TEF) last posted its earnings results on Thursday, July 25th. The utilities provider reported $0.21 earnings per share for the quarter. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.54 billion. Telefonica had a net margin of 7.27% and a return on equity of 16.21%. On average, sell-side analysts anticipate that Telefonica will post 0.77 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the stock. TheStreet lowered shares of Telefonica from a “b-” rating to a “c+” rating in a report on Wednesday, August 14th. Macquarie raised shares of Telefonica from a “neutral” rating to an “outperform” rating in a report on Tuesday, September 3rd. Zacks Investment Research raised shares of Telefonica from a “sell” rating to a “hold” rating and set a $8.50 target price on the stock in a report on Tuesday, May 28th. Deutsche Bank reaffirmed a “buy” rating on shares of Telefonica in a report on Friday, May 24th. Finally, Bank of America lowered shares of Telefonica from a “buy” rating to a “neutral” rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $8.50.

A number of hedge funds have recently added to or reduced their stakes in the business. Checchi Capital Advisers LLC grew its stake in Telefonica by 8.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 19,492 shares of the utilities provider’s stock worth $163,000 after buying an additional 1,441 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Telefonica by 1.4% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 112,437 shares of the utilities provider’s stock worth $933,000 after buying an additional 1,552 shares in the last quarter. Wetherby Asset Management Inc. grew its stake in Telefonica by 2.5% in the 2nd quarter. Wetherby Asset Management Inc. now owns 69,869 shares of the utilities provider’s stock worth $579,000 after buying an additional 1,737 shares in the last quarter. US Bancorp DE grew its stake in Telefonica by 4.6% in the 2nd quarter. US Bancorp DE now owns 69,723 shares of the utilities provider’s stock worth $578,000 after buying an additional 3,097 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Telefonica by 15.7% in the 2nd quarter. Signaturefd LLC now owns 23,115 shares of the utilities provider’s stock worth $192,000 after buying an additional 3,142 shares in the last quarter. 0.97% of the stock is owned by institutional investors and hedge funds.

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.

See Also: What does a bar chart mean for investors?

Receive News & Ratings for Telefonica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonica and related companies with MarketBeat.com's FREE daily email newsletter.