Shares of Telefónica, S.A. (NYSE:TEF - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $4.67, but opened at $4.85. Telefónica shares last traded at $4.88, with a volume of 282,577 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded 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 issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold".
Check Out Our Latest Report on Telefónica
Telefónica Trading Down 1.0 %
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 firm has a 50-day moving average of $4.42 and a 200-day moving average of $4.42. The firm has a market capitalization of $24.92 billion, a P/E ratio of -16.90 and a beta of 0.43.
Hedge Funds Weigh In On Telefónica
Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Telefónica by 282.9% during the 1st quarter. GAMMA Investing LLC now owns 72,649 shares of the utilities provider's stock valued at $339,000 after purchasing an additional 53,674 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Telefónica by 20.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 36,154 shares of the utilities provider's stock valued at $145,000 after acquiring an additional 6,100 shares in the last quarter. Forum Financial Management LP lifted its stake in Telefónica by 76.3% in the fourth quarter. Forum Financial Management LP now owns 31,214 shares of the utilities provider's stock worth $125,000 after acquiring an additional 13,508 shares during the period. Point72 Asset Management L.P. increased its position in Telefónica by 48.5% during the 4th quarter. Point72 Asset Management L.P. now owns 470,200 shares of the utilities provider's stock valued at $1,890,000 after purchasing an additional 153,634 shares during the period. Finally, Nia Impact Advisors LLC raised its holdings in Telefónica by 11.5% in the 4th quarter. Nia Impact Advisors LLC now owns 982,717 shares of the utilities provider's stock worth $3,951,000 after purchasing an additional 101,030 shares in the last quarter. Hedge funds and other institutional investors own 1.14% of the company's stock.
About Telefónica
(
Get 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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