GAMMA Investing LLC Boosts Holdings in Telefonica SA $TEF

GAMMA Investing LLC raised its position in shares of Telefonica SA (NYSE:TEF) by 68.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,305 shares of the utilities provider’s stock after acquiring an additional 10,715 shares during the period. GAMMA Investing LLC’s holdings in Telefonica were worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TEF. Atwood & Palmer Inc. bought a new position in shares of Telefonica during the 2nd quarter valued at approximately $44,000. Cromwell Holdings LLC increased its position in shares of Telefonica by 50.4% during the 1st quarter. Cromwell Holdings LLC now owns 10,031 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 3,361 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Telefonica during the 4th quarter valued at approximately $48,000. Momentous Wealth Management Inc. bought a new position in shares of Telefonica during the 1st quarter valued at approximately $50,000. Finally, Clarius Group LLC bought a new position in shares of Telefonica during the 1st quarter valued at approximately $55,000. 1.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Berenberg Bank raised Telefonica to a “hold” rating in a research report on Thursday, June 26th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Telefonica presently has a consensus rating of “Reduce”.

Telefonica Price Performance

TEF opened at $5.09 on Wednesday. Telefonica SA has a 12-month low of $3.89 and a 12-month high of $5.72. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.47. The business’s fifty day simple moving average is $5.34 and its 200-day simple moving average is $5.12. The company has a market capitalization of $28.86 billion, a price-to-earnings ratio of -10.60, a PEG ratio of 0.57 and a beta of 0.56.

Telefonica (NYSE:TEF) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $9.03 billion. Telefonica had a positive return on equity of 8.57% and a negative net margin of 5.88%. On average, equities research analysts anticipate that Telefonica SA will post 0.3 earnings per share for the current fiscal year.

Telefonica 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.