Sapient Capital LLC Acquires New Position in Telefónica, S.A. (NYSE:TEF)

Sapient Capital LLC acquired a new stake in Telefónica, S.A. (NYSE:TEF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,116 shares of the utilities provider’s stock, valued at approximately $114,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TEF. Integrated Wealth Concepts LLC purchased a new position in shares of Telefónica in the 4th quarter valued at approximately $36,000. AlphaQ Advisors LLC purchased a new position in shares of Telefónica in the 4th quarter valued at approximately $36,000. Sound Income Strategies LLC purchased a new position in shares of Telefónica in the 3rd quarter valued at approximately $41,000. United Capital Financial Advisers LLC purchased a new position in shares of Telefónica in the 4th quarter valued at approximately $41,000. Finally, Ritholtz Wealth Management purchased a new position in shares of Telefónica in the 3rd quarter valued at approximately $43,000. 1.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Telefónica Stock Down 0.5 %

TEF opened at $4.13 on Wednesday. Telefónica, S.A. has a 12-month low of $3.71 and a 12-month high of $4.53. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.85. The firm has a 50 day moving average of $4.16 and a two-hundred day moving average of $4.08.

Telefónica (NYSE:TEF) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Telefónica had a negative net margin of 2.16% and a positive return on equity of 7.38%. The company had revenue of $10.93 billion during the quarter, compared to analyst estimates of $12.09 billion. During the same period last year, the firm posted $0.12 EPS. On average, equities research analysts expect that Telefónica, S.A. will post 0.33 earnings per share for the current fiscal year.

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.