Telefonica S A (TEF) Share Value Rose While Profund Advisors Raised Stake; Baskin Financial Services Upped Its Bank Of Nova Scotia (BNS) Stake by $307,328

February 15, 2018 - By Peter Erickson

Profund Advisors Llc increased its stake in Telefonica S A (TEF) by 36.93% based on its latest 2017Q3 regulatory filing with the SEC. Profund Advisors Llc bought 42,665 shares as the company’s stock rose 12.97% with the market. The institutional investor held 158,205 shares of the telecommunications equipment company at the end of 2017Q3, valued at $1.71M, up from 115,540 at the end of the previous reported quarter. Profund Advisors Llc who had been investing in Telefonica S A for a number of months, seems to be bullish on the $45.89B market cap company. The stock decreased 0.21% or $0.02 during the last trading session, reaching $9.31. About 127,612 shares traded. Telefónica, S.A. (NYSE:TEF) has risen 9.21% since February 15, 2017 and is uptrending. It has underperformed by 7.49% the S&P500.

Baskin Financial Services Inc increased its stake in Bank Of Nova Scotia (BNS) by 1.89% based on its latest 2017Q3 regulatory filing with the SEC. Baskin Financial Services Inc bought 4,802 shares as the company’s stock declined 10.69% while stock markets rallied. The institutional investor held 258,980 shares of the major banks company at the end of 2017Q3, valued at $16.60M, up from 254,178 at the end of the previous reported quarter. Baskin Financial Services Inc who had been investing in Bank Of Nova Scotia for a number of months, seems to be bullish on the $74.29B market cap company. The stock increased 0.31% or $0.19 during the last trading session, reaching $62.37. About 70,516 shares traded. The Bank of Nova Scotia (NYSE:BNS) has risen 16.52% since February 15, 2017 and is uptrending. It has underperformed by 0.18% the S&P500.




Among 16 analysts covering Telefonica S.A. (NYSE:TEF), 5 have Buy rating, 3 Sell and 8 Hold. Therefore 31% are positive. Telefonica S.A. had 21 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Hold” rating by Credit Suisse given on Friday, January 19. The stock of Telefónica, S.A. (NYSE:TEF) earned “Buy” rating by Goldman Sachs on Thursday, May 18. The stock has “Hold” rating by TheStreet on Saturday, September 5. The firm earned “Hold” rating on Friday, October 20 by Barclays Capital. Credit Suisse upgraded the shares of TEF in report on Wednesday, April 6 to “Neutral” rating. The stock of Telefónica, S.A. (NYSE:TEF) earned “Hold” rating by J.P. Morgan on Tuesday, September 5. As per Thursday, October 20, the company rating was initiated by RBC Capital Markets. Bank of America downgraded Telefónica, S.A. (NYSE:TEF) on Wednesday, September 2 to “Underperform” rating. The firm has “Hold” rating given on Friday, February 9 by Jefferies. On Monday, August 24 the stock rating was downgraded by Macquarie Research to “Underperform”.

Profund Advisors Llc, which manages about $4.85B and $2.40B US Long portfolio, decreased its stake in Barrick Gold Corp (NYSE:ABX) by 35,856 shares to 159,136 shares, valued at $2.56M in 2017Q3, according to the filing. It also reduced its holding in Costco Whsl Corp New (NASDAQ:COST) by 2,727 shares in the quarter, leaving it with 35,033 shares, and cut its stake in Cpfl Energia S A (NYSE:CPL).

Among 9 analysts covering The Bank Of Nova Scotia (NYSE:BNS), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. The Bank Of Nova Scotia had 17 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, September 21 by Dundee Securities. Barclays Capital upgraded the shares of BNS in report on Tuesday, May 23 to “Overweight” rating. RBC Capital Markets maintained The Bank of Nova Scotia (NYSE:BNS) rating on Wednesday, August 31. RBC Capital Markets has “Outperform” rating and $77 target. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, December 2. The stock of The Bank of Nova Scotia (NYSE:BNS) has “Buy” rating given on Tuesday, August 29 by Canaccord Genuity. The company was maintained on Friday, August 28 by Canaccord Genuity. On Monday, August 31 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Neutral” rating given on Thursday, June 9 by Macquarie Research. RBC Capital Markets maintained it with “Outperform” rating and $87 target in Wednesday, May 31 report.

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