SeaCrest Wealth Management LLC Has $73,000 Stake in Telefónica, S.A. (NYSE:TEF)

SeaCrest Wealth Management LLC decreased its position in Telefónica, S.A. (NYSE:TEFFree Report) by 63.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,875 shares of the utilities provider’s stock after selling 31,706 shares during the period. SeaCrest Wealth Management LLC’s holdings in Telefónica were worth $73,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its stake in shares of Telefónica by 108.7% during the 4th quarter. Ritholtz Wealth Management now owns 22,054 shares of the utilities provider’s stock valued at $86,000 after buying an additional 11,488 shares during the period. First Affirmative Financial Network boosted its stake in shares of Telefónica by 23.5% during the 4th quarter. First Affirmative Financial Network now owns 61,064 shares of the utilities provider’s stock valued at $238,000 after buying an additional 11,611 shares during the period. American Century Companies Inc. boosted its stake in shares of Telefónica by 6.2% during the 3rd quarter. American Century Companies Inc. now owns 918,515 shares of the utilities provider’s stock valued at $3,738,000 after buying an additional 53,693 shares during the period. Creative Planning boosted its stake in shares of Telefónica by 7.5% during the 3rd quarter. Creative Planning now owns 206,508 shares of the utilities provider’s stock valued at $840,000 after buying an additional 14,426 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Telefónica by 15.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 95,591 shares of the utilities provider’s stock valued at $389,000 after buying an additional 12,795 shares during the period. Institutional investors and hedge funds own 1.14% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Report on TEF

Telefónica Stock Down 0.6 %

TEF stock opened at $4.39 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 1.23. Telefónica, S.A. has a 1 year low of $3.71 and a 1 year high of $4.53. The company has a fifty day simple moving average of $4.12 and a 200 day simple moving average of $4.07. The firm has a market cap of $25.32 billion, a PE ratio of -20.88, a PEG ratio of 2.46 and a beta of 0.70.

Telefónica (NYSE:TEFGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $10.93 billion during the quarter, compared to analyst estimates of $12.09 billion. Telefónica had a negative net margin of 2.16% and a positive return on equity of 7.38%. During the same quarter in the previous year, the business earned $0.12 EPS. Sell-side analysts anticipate that Telefónica, S.A. will post 0.33 EPS for the current fiscal year.

About Telefónica

(Free Report)

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.

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Institutional Ownership by Quarter for Telefónica (NYSE:TEF)

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