Natixis Advisors LLC reduced its holdings in Telefónica, S.A. (NYSE:TEF - Free Report) by 19.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 558,569 shares of the utilities provider's stock after selling 137,994 shares during the quarter. Natixis Advisors LLC's holdings in Telefónica were worth $2,715,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Nia Impact Advisors LLC bought a new position in Telefónica in the second quarter worth approximately $3,645,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Telefónica in the 2nd quarter worth $228,000. International Assets Investment Management LLC acquired a new stake in Telefónica in the 3rd quarter valued at $218,000. Aaron Wealth Advisors LLC increased its stake in Telefónica by 402.7% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 54,316 shares of the utilities provider's stock valued at $264,000 after purchasing an additional 43,511 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Telefónica by 192.7% during the second quarter. AQR Capital Management LLC now owns 63,504 shares of the utilities provider's stock worth $267,000 after buying an additional 41,810 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Bank of America downgraded shares of Telefónica from a "buy" rating to a "neutral" rating in a research report on Friday, August 2nd. HSBC raised Telefónica from a "reduce" rating to a "hold" rating in a research note on Wednesday, October 2nd. Hsbc Global Res raised Telefónica to a "hold" rating in a research report on Wednesday, October 2nd. Finally, StockNews.com raised Telefónica from a "hold" rating to a "buy" rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold".
Check Out Our Latest Stock Analysis on TEF
Telefónica Stock Performance
Shares of Telefónica stock traded up $0.04 during mid-day trading on Monday, hitting $4.49. 1,013,608 shares of the stock were exchanged, compared to its average volume of 684,646. The company has a market capitalization of $25.46 billion, a P/E ratio of -17.23 and a beta of 0.67. 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 company has a 50-day simple moving average of $4.68 and a 200 day simple moving average of $4.54. Telefónica, S.A. has a 12 month low of $3.82 and a 12 month high of $4.93.
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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