Telefónica, S.A. (NYSE:TEF) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its holdings in Telefónica, S.A. (NYSE:TEF) by 5.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 161,180 shares of the utilities provider’s stock after buying an additional 8,632 shares during the period. Cerity Partners LLC’s holdings in Telefónica were worth $629,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ritholtz Wealth Management acquired a new position in shares of Telefónica in the 3rd quarter valued at about $43,000. AlphaQ Advisors LLC acquired a new position in Telefónica during the 3rd quarter valued at about $46,000. Clarius Group LLC acquired a new position in Telefónica during the 3rd quarter valued at about $48,000. Pathstone Family Office LLC acquired a new position in Telefónica during the 3rd quarter valued at about $50,000. Finally, Trust Point Inc. acquired a new position in Telefónica during the 4th quarter valued at about $48,000. 1.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Telefónica Trading Up 1.6 %

Telefónica stock opened at $4.43 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The firm has a 50-day moving average price of $4.20 and a two-hundred day moving average price of $4.09. The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of -21.10, a PEG ratio of 2.95 and a beta of 0.70. Telefónica, S.A. has a 52-week low of $3.71 and a 52-week high of $4.53.

Telefónica (NYSE:TEF) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The company 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 period in the prior year, the business posted $0.12 EPS. Sell-side analysts expect that Telefónica, S.A. will post 0.33 earnings per share for the current year.

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.