NewEdge Advisors LLC Increases Holdings in Telefónica, S.A. (NYSE:TEF)

NewEdge Advisors LLC lifted its position in Telefónica, S.A. (NYSE:TEF) by 576.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,316 shares of the utilities provider’s stock after buying an additional 11,348 shares during the period. NewEdge Advisors LLC’s holdings in Telefónica were worth $54,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Telefónica by 18.3% during the 4th quarter. GAMMA Investing LLC now owns 18,975 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 2,936 shares during the period. Gitterman Wealth Management LLC grew its position in Telefónica by 8.5% during the fourth quarter. Gitterman Wealth Management LLC now owns 41,311 shares of the utilities provider’s stock valued at $166,000 after buying an additional 3,246 shares during the period. Horizon Kinetics Asset Management LLC increased its holdings in Telefónica by 0.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 391,277 shares of the utilities provider’s stock valued at $1,573,000 after buying an additional 3,500 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Telefónica by 0.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 397,905 shares of the utilities provider’s stock worth $1,600,000 after acquiring an additional 3,688 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its stake in shares of Telefónica by 7.2% during the 4th quarter. Aaron Wealth Advisors LLC now owns 58,218 shares of the utilities provider’s stock worth $234,000 after acquiring an additional 3,902 shares during the last quarter. Institutional investors own 1.14% of the company’s stock.

Telefónica Trading Down 1.9 %

Shares of Telefónica stock opened at $5.05 on Friday. Telefónica, S.A. has a fifty-two week low of $3.89 and a fifty-two week high of $5.15. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. The company has a market capitalization of $28.63 billion, a P/E ratio of -19.42 and a beta of 0.46. The company has a fifty day moving average of $4.67 and a 200 day moving average of $4.42.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Sanford C. Bernstein began coverage on Telefónica in a research note on Tuesday, April 22nd. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.