Telefónica (NYSE:TEF) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Telefónica (NYSE:TEF) from a hold rating to a buy rating in a report issued on Wednesday morning.

Telefónica Trading Up 0.6 %

Telefónica stock opened at $4.42 on Wednesday. The business has a 50-day simple moving average of $4.14 and a two-hundred day simple moving average of $4.43. The company has a market cap of $25.03 billion, a P/E ratio of -16.98 and a beta of 0.68. Telefónica has a 52-week low of $3.89 and a 52-week high of $4.93. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TEF. Tower Research Capital LLC TRC grew its stake in shares of Telefónica by 71.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 2,603 shares during the period. Callan Family Office LLC bought a new position in shares of Telefónica during the 4th quarter valued at approximately $44,000. Sanctuary Advisors LLC purchased a new position in Telefónica in the 3rd quarter worth approximately $45,000. Drive Wealth Management LLC purchased a new position in Telefónica in the 4th quarter worth approximately $45,000. Finally, Prospect Financial Group LLC purchased a new position in Telefónica in the 4th quarter worth approximately $45,000. 1.14% of the stock is currently owned by institutional investors.

About Telefónica

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.