Raymond James Financial Inc. purchased a new stake in Telefónica, S.A. (NYSE:TEF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 254,343 shares of the utilities provider's stock, valued at approximately $1,022,000.
A number of other hedge funds have also recently bought and sold shares of the business. Franklin Resources Inc. grew its position in shares of Telefónica by 3.7% during the third quarter. Franklin Resources Inc. now owns 64,522 shares of the utilities provider's stock worth $308,000 after buying an additional 2,332 shares in the last quarter. GAMMA Investing LLC boosted its stake in Telefónica by 18.3% during the 4th quarter. GAMMA Investing LLC now owns 18,975 shares of the utilities provider's stock valued at $76,000 after acquiring an additional 2,936 shares during the last quarter. MML Investors Services LLC increased its position in shares of Telefónica by 7.8% in the 3rd quarter. MML Investors Services LLC now owns 45,289 shares of the utilities provider's stock worth $220,000 after purchasing an additional 3,266 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Telefónica by 0.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 397,905 shares of the utilities provider's stock valued at $1,600,000 after purchasing an additional 3,688 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in shares of Telefónica by 7.2% during the fourth quarter. Aaron Wealth Advisors LLC now owns 58,218 shares of the utilities provider's stock worth $234,000 after purchasing an additional 3,902 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company's stock.
Telefónica Stock Performance
Shares of Telefónica stock traded down $0.07 during trading hours on Tuesday, reaching $4.37. The company's stock had a trading volume of 969,735 shares, compared to its average volume of 686,589. Telefónica, S.A. has a one year low of $3.89 and a one year high of $4.93. The company's 50 day simple moving average is $4.44 and its 200 day simple moving average is $4.42. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. The stock has a market cap of $24.80 billion, a P/E ratio of -16.82 and a beta of 0.43.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded Telefónica from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Telefónica presently has a consensus rating of "Hold".
Get Our Latest Analysis on TEF
About Telefónica
(
Free Report)
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.
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