Natixis Advisors LLC cut its stake in shares of Telefónica, S.A. (NYSE:TEF - Free Report) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 418,843 shares of the utilities provider's stock after selling 139,726 shares during the quarter. Natixis Advisors LLC's holdings in Telefónica were worth $1,684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of TEF. HighTower Advisors LLC boosted its holdings in shares of Telefónica by 383.0% in the 4th quarter. HighTower Advisors LLC now owns 259,229 shares of the utilities provider's stock worth $1,042,000 after purchasing an additional 205,558 shares in the last quarter. Natural Investments LLC purchased a new stake in Telefónica in the fourth quarter worth approximately $94,000. SPX Gestao de Recursos Ltda bought a new position in Telefónica during the fourth quarter valued at approximately $76,000. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Telefónica by 9.8% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 52,777 shares of the utilities provider's stock worth $212,000 after acquiring an additional 4,701 shares during the last quarter. Finally, Naviter Wealth LLC boosted its stake in shares of Telefónica by 50.1% in the 4th quarter. Naviter Wealth LLC now owns 27,000 shares of the utilities provider's stock valued at $113,000 after purchasing an additional 9,010 shares in the last quarter. Hedge funds and other institutional investors own 1.14% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Telefónica from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Telefónica presently has a consensus rating of "Hold".
Read Our Latest Research Report on Telefónica
Telefónica Trading Up 0.3 %
TEF stock traded up $0.02 during midday trading on Friday, hitting $4.64. The company had a trading volume of 462,812 shares, compared to its average volume of 678,495. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. Telefónica, S.A. has a 52 week low of $3.89 and a 52 week high of $4.93. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of -17.83 and a beta of 0.62. The stock's 50 day moving average price is $4.33 and its 200 day moving average price is $4.43.
Telefónica Company Profile
(
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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