Telefónica, S.A. (NYSE:TEF – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.60, but opened at $4.50. Telefónica shares last traded at $4.50, with a volume of 63,809 shares.
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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Telefónica currently has an average rating of “Hold”.
Get Our Latest Stock Report on Telefónica
Telefónica Stock Up 1.6 %
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in TEF. Northern Trust Corp increased its stake in Telefónica by 30.7% in the fourth quarter. Northern Trust Corp now owns 3,622,588 shares of the utilities provider’s stock valued at $14,563,000 after purchasing an additional 851,581 shares during the last quarter. FMR LLC increased its stake in Telefónica by 8.3% in the third 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 during the last quarter. American Century Companies Inc. increased its stake in Telefónica by 4.9% in the fourth quarter. American Century Companies Inc. now owns 1,429,565 shares of the utilities provider’s stock valued at $5,747,000 after purchasing an additional 66,797 shares during the last quarter. Nia Impact Advisors LLC increased its stake in Telefónica by 11.5% in the fourth quarter. Nia Impact Advisors LLC now owns 982,717 shares of the utilities provider’s stock valued at $3,951,000 after purchasing an additional 101,030 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Telefónica by 36.7% in the fourth quarter. First Trust Advisors LP now owns 963,584 shares of the utilities provider’s stock valued at $3,874,000 after purchasing an additional 258,489 shares during the last quarter. Hedge funds and other institutional investors own 1.14% of the company’s stock.
Telefónica Company 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.
Recommended Stories
- Five stocks we like better than Telefónica
- What Are the FAANG Stocks and Are They Good Investments?
- Crypto Crash Hits These 4 Blockchain Stocks—Is It Time to Buy?
- Breakout Stocks: What They Are and How to Identify Them
- 3 Stocks Near 52-Week Lows Ready for a Rebound
- Most active stocks: Dollar volume vs share volume
- Palantir’s Deal With Archer Aviation Keeps AI’s Future in Focus
Receive News & Ratings for Telefónica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefónica and related companies with MarketBeat.com's FREE daily email newsletter.