Welch & Forbes LLC Acquires Shares of 67,720 Telefónica, S.A. (NYSE:TEF)

Welch & Forbes LLC bought a new position in Telefónica, S.A. (NYSE:TEF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 67,720 shares of the utilities provider's stock, valued at approximately $272,000.

Other large investors have also modified their holdings of the company. Drum Hill Capital LLC purchased a new position in Telefónica in the 4th quarter worth approximately $2,001,000. Raymond James Financial Inc. purchased a new position in shares of Telefónica in the fourth quarter valued at $1,022,000. Point72 Asset Management L.P. grew its holdings in Telefónica by 274.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 316,566 shares of the utilities provider's stock valued at $1,539,000 after purchasing an additional 231,919 shares in the last quarter. FMR LLC increased its stake in Telefónica by 8.3% during the 3rd quarter. FMR LLC now owns 1,898,978 shares of the utilities provider's stock worth $9,229,000 after buying an additional 146,259 shares during the period. Finally, Cerity Partners LLC lifted its holdings in Telefónica by 79.0% in the 3rd quarter. Cerity Partners LLC now owns 322,692 shares of the utilities provider's stock worth $1,568,000 after buying an additional 142,451 shares in the last quarter. Institutional investors and hedge funds own 1.14% of the company's stock.

Telefónica Stock Performance

Shares of TEF opened at $4.53 on Friday. The firm has a market cap of $25.69 billion, a price-to-earnings ratio of -17.42 and a beta of 0.62. 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 business's 50 day moving average is $4.15 and its two-hundred day moving average is $4.42. Telefónica, S.A. has a 52-week low of $3.89 and a 52-week high of $4.93.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Telefónica from a "hold" rating to a "buy" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Telefónica presently has an average rating of "Hold".

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Telefónica 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.

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