HighTower Advisors LLC boosted its position in Telefónica, S.A. (NYSE:TEF - Free Report) by 383.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 259,229 shares of the utilities provider's stock after purchasing an additional 205,558 shares during the period. HighTower Advisors LLC's holdings in Telefónica were worth $1,042,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Callan Family Office LLC purchased a new position in shares of Telefónica in the 4th quarter worth about $44,000. Sanctuary Advisors LLC bought a new stake in Telefónica in the third quarter worth about $45,000. Drive Wealth Management LLC purchased a new position in Telefónica in the fourth quarter valued at about $45,000. Merit Financial Group LLC bought a new position in shares of Telefónica during the 4th quarter valued at approximately $47,000. Finally, Carrera Capital Advisors purchased a new stake in shares of Telefónica during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 1.14% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Telefónica from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold".
View Our Latest Research Report on Telefónica
Telefónica Stock Performance
Telefónica stock traded up $0.02 during midday trading on Friday, reaching $4.64. The stock had a trading volume of 462,812 shares, compared to its average volume of 678,329. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $26.28 billion, a PE ratio of -17.83 and a beta of 0.62. Telefónica, S.A. has a 12 month low of $3.89 and a 12 month high of $4.93. The firm's 50-day moving average price is $4.34 and its 200 day moving average price is $4.43.
Telefónica Profile
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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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