Naviter Wealth LLC Boosts Stock Position in Telefónica, S.A. (NYSE:TEF)

Naviter Wealth LLC boosted its position in shares of Telefónica, S.A. (NYSE:TEF) by 50.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,000 shares of the utilities provider’s stock after acquiring an additional 9,010 shares during the quarter. Naviter Wealth LLC’s holdings in Telefónica were worth $113,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Drum Hill Capital LLC purchased a new stake in shares of Telefónica during the fourth quarter worth $2,001,000. Raymond James Financial Inc. acquired a new position in Telefónica during the 4th quarter worth $1,022,000. Point72 Asset Management L.P. increased 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 worth $1,539,000 after purchasing an additional 231,919 shares during the period. FMR LLC raised its position in Telefónica by 8.3% in the 3rd quarter. FMR LLC now owns 1,898,978 shares of the utilities provider’s stock valued at $9,229,000 after purchasing an additional 146,259 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in shares of Telefónica by 79.0% in the 3rd quarter. Cerity Partners LLC now owns 322,692 shares of the utilities provider’s stock valued at $1,568,000 after buying an additional 142,451 shares during the period. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Telefónica has a consensus rating of “Hold”.

Telefónica Stock Performance

Shares of TEF stock opened at $4.53 on Monday. The company has a market cap of $25.69 billion, a P/E ratio of -17.42 and a beta of 0.62. The firm has a fifty day moving average price of $4.15 and a 200 day moving average price of $4.42. 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 12 month low of $3.89 and a 12 month high of $4.93.

About Telefónica

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.