International Assets Investment Management LLC Invests $137,000 in Telefónica, S.A. (NYSE:TEF)

International Assets Investment Management LLC purchased a new position in Telefónica, S.A. (NYSE:TEF) during the fourth quarter, HoldingsChannel reports. The firm purchased 35,147 shares of the utilities provider’s stock, valued at approximately $137,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Barclays PLC grew its holdings in shares of Telefónica by 52.6% in 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. FMR LLC grew its holdings in Telefónica by 5.5% during the 3rd quarter. FMR LLC now owns 1,474,421 shares of the utilities provider’s stock worth $6,001,000 after acquiring an additional 76,410 shares in the last quarter. Stifel Financial Corp grew its holdings in Telefónica by 5.8% during the 3rd quarter. Stifel Financial Corp now owns 471,496 shares of the utilities provider’s stock worth $1,919,000 after acquiring an additional 25,733 shares in the last quarter. Natixis Advisors L.P. grew its holdings in Telefónica by 44.1% during the 3rd quarter. Natixis Advisors L.P. now owns 365,731 shares of the utilities provider’s stock worth $1,489,000 after acquiring an additional 111,895 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Telefónica by 4.5% during the 3rd quarter. Raymond James & Associates now owns 268,343 shares of the utilities provider’s stock worth $1,092,000 after acquiring an additional 11,507 shares in the last quarter. 1.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Telefónica Stock Up 0.4 %

Shares of Telefónica stock opened at $4.52 on Tuesday. 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 1 year low of $3.71 and a 1 year high of $4.55. The firm’s 50-day moving average is $4.25 and its two-hundred day moving average is $4.10. The stock has a market cap of $26.10 billion, a price-to-earnings ratio of -21.52, a PEG ratio of 3.10 and a beta of 0.70.

Telefónica (NYSE:TEF) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.13 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 period in the prior year, the firm posted $0.12 earnings per share. As a group, research analysts expect that Telefónica, S.A. will post 0.33 earnings per share for the current fiscal 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.