SPX Gestao de Recursos Ltda Acquires New Position in Telefónica, S.A. (NYSE:TEF)

SPX Gestao de Recursos Ltda acquired a new stake in Telefónica, S.A. (NYSE:TEF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,938 shares of the utilities provider’s stock, valued at approximately $76,000.

A number of other hedge funds have also recently modified their holdings of TEF. Concurrent Investment Advisors LLC grew its holdings in shares of Telefónica by 12.9% in the third quarter. Concurrent Investment Advisors LLC now owns 37,058 shares of the utilities provider’s stock valued at $180,000 after purchasing an additional 4,220 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Telefónica by 5.2% in the third quarter. Crossmark Global Holdings Inc. now owns 394,217 shares of the utilities provider’s stock valued at $1,916,000 after purchasing an additional 19,539 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Telefónica by 8.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 308,396 shares of the utilities provider’s stock worth $1,499,000 after buying an additional 24,854 shares during the period. Cerity Partners LLC boosted its stake in Telefónica by 79.0% during the third quarter. Cerity Partners LLC now owns 322,692 shares of the utilities provider’s stock worth $1,568,000 after buying an additional 142,451 shares during the period. Finally, Horizon Kinetics Asset Management LLC boosted its stake in Telefónica by 24.7% during the third quarter. Horizon Kinetics Asset Management LLC now owns 387,777 shares of the utilities provider’s stock worth $1,885,000 after buying an additional 76,912 shares during the period. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Telefónica Trading Up 0.6 %

Shares of TEF stock opened at $4.57 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81. The firm has a market cap of $25.88 billion, a PE ratio of -17.56 and a beta of 0.62. The company has a 50-day moving average of $4.16 and a two-hundred day moving average of $4.42. Telefónica, S.A. has a 1-year low of $3.89 and a 1-year high of $4.93.

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.