Allspring Global Investments Holdings LLC Raises Stock Position in Telefónica, S.A. (NYSE:TEF)

Allspring Global Investments Holdings LLC lifted its stake in Telefónica, S.A. (NYSE:TEF) by 33.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,390 shares of the utilities provider’s stock after buying an additional 10,190 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Telefónica were worth $196,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of Telefónica by 0.4% during the second quarter. American Century Companies Inc. now owns 1,258,793 shares of the utilities provider’s stock worth $5,300,000 after purchasing an additional 4,949 shares during the last quarter. Nia Impact Advisors LLC purchased a new position in Telefónica during the 2nd quarter worth approximately $3,645,000. Natixis Advisors LLC increased its position in Telefónica by 81.2% during the second quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock worth $2,933,000 after buying an additional 312,113 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Telefónica by 21.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 300,304 shares of the utilities provider’s stock valued at $1,324,000 after acquiring an additional 52,586 shares during the period. Finally, QRG Capital Management Inc. grew its position in shares of Telefónica by 2.8% during the second quarter. QRG Capital Management Inc. now owns 212,018 shares of the utilities provider’s stock worth $893,000 after acquiring an additional 5,835 shares during the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TEF has been the subject of several research reports. Hsbc Global Res upgraded shares of Telefónica to a “hold” rating in a research report on Wednesday, October 2nd. HSBC upgraded shares of Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com cut Telefónica from a “buy” rating to a “hold” rating in a research report on Saturday, October 12th. Finally, Bank of America cut Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Telefónica Stock Up 0.4 %

Shares of Telefónica stock opened at $4.65 on Monday. Telefónica, S.A. has a one year low of $3.82 and a one year high of $4.93. The company has a market cap of $26.37 billion, a P/E ratio of -29.06 and a beta of 0.67. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.81 and a current ratio of 0.85. The firm has a fifty day moving average of $4.73 and a two-hundred day moving average of $4.54.

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.