Wetherby Asset Management Inc. lessened its position in Telefonica S.A. (NYSE:TEF) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,636 shares of the utilities provider’s stock after selling 6,115 shares during the period. Wetherby Asset Management Inc.’s holdings in Telefonica were worth $316,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the business. Virtu Financial LLC bought a new stake in Telefonica in the fourth quarter valued at approximately $1,512,000. Advisory Services Network LLC increased its stake in Telefonica by 37.8% in the fourth quarter. Advisory Services Network LLC now owns 88,252 shares of the utilities provider’s stock valued at $854,000 after purchasing an additional 24,192 shares in the last quarter. Rational Advisors LLC bought a new stake in Telefonica in the fourth quarter valued at approximately $1,549,000. Taylor Frigon Capital Management LLC bought a new stake in Telefonica in the fourth quarter valued at approximately $753,000. Finally, FNY Partners Fund LP bought a new stake in shares of Telefonica during the fourth quarter worth $968,000. 0.86% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Telefonica from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Jefferies Group raised shares of Telefonica from an “underperform” rating to a “hold” rating in a research report on Friday, February 9th. ValuEngine downgraded shares of Telefonica from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. DZ Bank reissued a “neutral” rating on shares of Telefonica in a research report on Wednesday, January 24th. Finally, Credit Suisse Group downgraded shares of Telefonica to a “hold” rating in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.70.
Shares of Telefonica S.A. (NYSE:TEF) opened at $9.35 on Wednesday. Telefonica S.A. has a 12-month low of $8.99 and a 12-month high of $11.64. The stock has a market cap of $47,506.50, a price-to-earnings ratio of 5.55 and a beta of 1.27. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.79.
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Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).
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