Prospect Financial Group LLC Makes New Investment in Telefónica, S.A. (NYSE:TEF)

Prospect Financial Group LLC bought a new position in shares of Telefónica, S.A. (NYSE:TEF) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 11,237 shares of the utilities provider’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TEF. Charles Schwab Investment Management Inc. boosted its holdings 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 in the last quarter. Cerity Partners LLC boosted its stake in shares of Telefónica by 79.0% during the 3rd quarter. Cerity Partners LLC now owns 322,692 shares of the utilities provider’s stock worth $1,568,000 after acquiring an additional 142,451 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in shares of Telefónica by 24.7% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 387,777 shares of the utilities provider’s stock worth $1,885,000 after acquiring an additional 76,912 shares during the period. FMR LLC increased its stake in Telefónica by 8.3% in the 3rd 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 in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Telefónica by 78.9% during the third quarter. BNP Paribas Financial Markets now owns 173,860 shares of the utilities provider’s stock worth $845,000 after purchasing an additional 76,657 shares during the last quarter. 1.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Telefónica Trading Down 2.1 %

Shares of TEF opened at $4.54 on Tuesday. Telefónica, S.A. has a 1-year low of $3.89 and a 1-year high of $4.93. 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 50 day simple moving average of $4.29 and a 200-day simple moving average of $4.43. The stock has a market cap of $25.71 billion, a price-to-earnings ratio of -17.44 and a beta of 0.62.

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.