Horizon Kinetics Asset Management LLC Has $1.89 Million Stake in Telefónica, S.A. (NYSE:TEF)

Horizon Kinetics Asset Management LLC lifted its holdings in Telefónica, S.A. (NYSE:TEF) by 24.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,777 shares of the utilities provider’s stock after acquiring an additional 76,912 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Telefónica were worth $1,885,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Nia Impact Advisors LLC acquired a new position in Telefónica in the second quarter worth $3,645,000. Natixis Advisors LLC lifted its position in Telefónica by 81.2% during the 2nd quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock worth $2,933,000 after buying an additional 312,113 shares in the last quarter. Wedmont Private Capital bought a new stake in Telefónica during the 2nd quarter worth about $76,000. International Assets Investment Management LLC acquired a new stake in Telefónica in the 3rd quarter valued at about $218,000. Finally, Blue Trust Inc. lifted its position in shares of Telefónica by 171.1% during the second quarter. Blue Trust Inc. now owns 33,686 shares of the utilities provider’s stock worth $149,000 after purchasing an additional 21,260 shares in the last quarter. 1.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America lowered shares of Telefónica from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. Hsbc Global Res raised Telefónica to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Finally, HSBC upgraded shares of Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Telefónica Stock Up 0.9 %

NYSE:TEF opened at $4.49 on Tuesday. 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 12-month low of $3.82 and a 12-month high of $4.93. The stock’s fifty day simple moving average is $4.67 and its 200-day simple moving average is $4.54. The firm has a market capitalization of $25.46 billion, a P/E ratio of -17.27 and a beta of 0.67.

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.