OLD Mission Capital LLC Buys 63,074 Shares of Telefónica, S.A. (NYSE:TEF)

OLD Mission Capital LLC lifted its position in Telefónica, S.A. (NYSE:TEF - Free Report) by 35.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 242,703 shares of the utilities provider's stock after purchasing an additional 63,074 shares during the quarter. OLD Mission Capital LLC's holdings in Telefónica were worth $976,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. increased its holdings in shares of Telefónica by 3.7% in the third quarter. Franklin Resources Inc. now owns 64,522 shares of the utilities provider's stock valued at $308,000 after purchasing an additional 2,332 shares in the last quarter. GAMMA Investing LLC boosted its position in Telefónica by 18.3% in the 4th quarter. GAMMA Investing LLC now owns 18,975 shares of the utilities provider's stock valued at $76,000 after buying an additional 2,936 shares during the last quarter. Gitterman Wealth Management LLC increased its stake in shares of Telefónica by 8.5% in the 4th quarter. Gitterman Wealth Management LLC now owns 41,311 shares of the utilities provider's stock valued at $166,000 after buying an additional 3,246 shares during the period. MML Investors Services LLC raised its position in shares of Telefónica by 7.8% during the third quarter. MML Investors Services LLC now owns 45,289 shares of the utilities provider's stock worth $220,000 after acquiring an additional 3,266 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its stake in shares of Telefónica by 0.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 391,277 shares of the utilities provider's stock valued at $1,573,000 after acquiring an additional 3,500 shares during the period. Institutional investors and hedge funds own 1.14% of the company's stock.

Remove Ads

Telefónica Trading Up 2.2 %

TEF stock traded up $0.10 during midday trading on Wednesday, reaching $4.47. The company's stock had a trading volume of 1,834,377 shares, compared to its average volume of 688,556. The business's 50-day simple moving average is $4.45 and its 200-day simple moving average is $4.42. The company has a quick ratio of 0.81, a current ratio of 0.85 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 $25.32 billion, a PE ratio of -17.17 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 report on Wednesday, March 5th. 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 company's stock. According to data from MarketBeat.com, Telefónica presently has a consensus rating of "Hold".

Telefónica Company Profile

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.