International Assets Investment Management LLC Purchases New Holdings in Telefónica, S.A. (NYSE:TEF)

International Assets Investment Management LLC purchased a new stake in shares of Telefónica, S.A. (NYSE:TEF) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 35,147 shares of the utilities provider’s stock, valued at approximately $137,000.

Other large investors also recently bought and sold shares of the company. Clarius Group LLC purchased a new position in Telefónica in the third quarter worth about $48,000. Cambridge Investment Research Advisors Inc. raised its holdings in Telefónica by 5.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 52,101 shares of the utilities provider’s stock worth $212,000 after buying an additional 2,837 shares during the last quarter. Raymond James & Associates raised its holdings in Telefónica by 4.5% in the third quarter. Raymond James & Associates now owns 268,343 shares of the utilities provider’s stock worth $1,092,000 after buying an additional 11,507 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Telefónica by 10.6% in the third quarter. Bank of New York Mellon Corp now owns 113,504 shares of the utilities provider’s stock worth $462,000 after buying an additional 10,859 shares during the last quarter. Finally, Advisor Partners II LLC raised its holdings in Telefónica by 10.6% in the third quarter. Advisor Partners II LLC now owns 89,570 shares of the utilities provider’s stock worth $365,000 after buying an additional 8,590 shares during the last quarter. 1.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Telefónica from a “buy” rating to a “hold” rating in a report on Monday, March 11th.

Telefónica Stock Performance

Shares of TEF stock opened at $4.52 on Tuesday. The company has a 50 day moving average price of $4.25 and a 200-day moving average price of $4.10. Telefónica, S.A. has a 52 week low of $3.71 and a 52 week high of $4.55. The firm has a market capitalization of $26.10 billion, a PE ratio of -21.52, a P/E/G ratio of 3.10 and a beta of 0.70. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 1.23.

Telefónica (NYSE:TEF) last announced its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Telefónica had a negative net margin of 2.16% and a positive return on equity of 7.38%. The firm had revenue of $10.93 billion during the quarter, compared to analyst estimates of $12.09 billion. During the same period in the previous year, the business posted $0.12 earnings per share. As a group, equities research analysts expect that Telefónica, S.A. will post 0.33 earnings per share for the current year.

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.