Financial Counselors Inc. purchased a new stake in shares of Telefónica, S.A. (NYSE:TEF – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 12,612 shares of the utilities provider’s stock, valued at approximately $49,000.
Other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Telefónica during the 4th quarter valued at about $36,000. AlphaQ Advisors LLC acquired a new stake in shares of Telefónica during the 4th quarter valued at about $36,000. Sound Income Strategies LLC bought a new position in shares of Telefónica in the 3rd quarter valued at approximately $41,000. United Capital Financial Advisers LLC bought a new position in shares of Telefónica in the 4th quarter valued at approximately $41,000. Finally, Ritholtz Wealth Management bought a new position in shares of Telefónica in the 3rd quarter valued at approximately $43,000. 1.14% of the stock is currently owned by institutional investors and hedge funds.
Telefónica Stock Down 0.7 %
Shares of TEF stock opened at $4.17 on Monday. The stock’s 50 day simple moving average is $4.15 and its 200 day simple moving average is $4.08. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.85. Telefónica, S.A. has a twelve month low of $3.71 and a twelve month high of $4.53.
Analysts Set New Price Targets
Separately, StockNews.com downgraded Telefónica from a “buy” rating to a “hold” rating in a research note on Monday, March 11th.
Get Our Latest Stock Report on TEF
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.
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