Naviter Wealth LLC boosted its stake in shares of Telefónica, S.A. (NYSE:TEF – Free Report) by 50.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,000 shares of the utilities provider’s stock after buying an additional 9,010 shares during the period. Naviter Wealth LLC’s holdings in Telefónica were worth $113,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Callan Family Office LLC acquired a new position in shares of Telefónica during the 4th quarter valued at about $44,000. Welch & Forbes LLC purchased a new position in Telefónica during the fourth quarter worth about $272,000. Raymond James Financial Inc. acquired a new position in Telefónica in the 4th quarter valued at about $1,022,000. Assetmark Inc. purchased a new stake in shares of Telefónica in the 4th quarter valued at approximately $56,000. Finally, Carrera Capital Advisors purchased a new stake in shares of Telefónica in the 4th quarter valued at approximately $47,000. 1.14% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Telefónica Stock Up 1.6 %
Shares of NYSE:TEF opened at $4.53 on Monday. The company has a market capitalization of $25.69 billion, a price-to-earnings ratio of -17.42 and a beta of 0.62. Telefónica, S.A. has a 12-month low of $3.89 and a 12-month high of $4.93. The business has a 50-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 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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