Carrera Capital Advisors bought a new stake in Telefónica, S.A. (NYSE:TEF – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,946 shares of the utilities provider’s stock, valued at approximately $47,000.
A number of other institutional investors also recently added to or reduced their stakes in TEF. Sanctuary Advisors LLC purchased a new stake in shares of Telefónica during the 3rd quarter worth approximately $45,000. Drive Wealth Management LLC acquired a new stake in shares of Telefónica in the fourth quarter valued at approximately $45,000. Merit Financial Group LLC purchased a new position in shares of Telefónica during the 4th quarter worth approximately $47,000. Vest Financial LLC acquired a new position in shares of Telefónica during the 4th quarter worth approximately $52,000. Finally, Abel Hall LLC purchased a new stake in Telefónica in the 3rd quarter valued at approximately $53,000. Hedge funds and other institutional investors own 1.14% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Telefónica currently has an average rating of “Hold”.
Telefónica Stock Down 0.1 %
Shares of NYSE TEF opened at $4.40 on Wednesday. The firm’s 50 day moving average price is $4.13 and its 200 day moving average price is $4.43. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. The firm has a market cap of $24.92 billion, a P/E ratio of -16.90 and a beta of 0.68. Telefónica, S.A. has a 1 year low of $3.89 and a 1 year high of $4.93.
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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