Telefónica, S.A. (NYSE:TEF) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its position in Telefónica, S.A. (NYSE:TEF) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,059 shares of the utilities provider’s stock after selling 7,838 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Telefónica were worth $141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC increased its position in Telefónica by 37.1% during the third quarter. HighTower Advisors LLC now owns 211,030 shares of the utilities provider’s stock worth $860,000 after purchasing an additional 57,061 shares during the last quarter. Pathstone Family Office LLC acquired a new position in Telefónica during the third quarter worth approximately $50,000. Stifel Financial Corp increased its position in Telefónica by 5.8% during the third quarter. Stifel Financial Corp now owns 471,496 shares of the utilities provider’s stock worth $1,919,000 after purchasing an additional 25,733 shares during the last quarter. Barclays PLC increased its position in Telefónica by 52.6% during the third quarter. Barclays PLC now owns 2,952,132 shares of the utilities provider’s stock worth $12,015,000 after purchasing an additional 1,017,590 shares during the last quarter. Finally, AlphaQ Advisors LLC acquired a new position in Telefónica during the third quarter worth approximately $46,000. Institutional investors and hedge funds own 1.14% of the company’s stock.

Telefónica Price Performance

TEF opened at $4.43 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. Telefónica, S.A. has a 52-week low of $3.71 and a 52-week high of $4.53. The company has a 50 day moving average of $4.23 and a two-hundred day moving average of $4.09. The company has a market cap of $25.58 billion, a P/E ratio of -21.10, a P/E/G ratio of 3.06 and a beta of 0.70.

Telefónica (NYSE:TEF) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $12.09 billion. During the same period in the previous year, the firm earned $0.12 earnings per share. On average, analysts expect that Telefónica, S.A. will post 0.33 earnings per share for the current year.

Analyst Ratings Changes

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

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.