Advisors Preferred LLC Takes $1.70 Million Position in Telefonica SA $TEF

Advisors Preferred LLC bought a new stake in shares of Telefonica SA (NYSE:TEF) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 333,675 shares of the utilities provider’s stock, valued at approximately $1,695,000.

Other hedge funds also recently modified their holdings of the company. WCG Wealth Advisors LLC grew its stake in Telefonica by 5.9% during the 2nd quarter. WCG Wealth Advisors LLC now owns 47,394 shares of the utilities provider’s stock valued at $248,000 after acquiring an additional 2,634 shares in the last quarter. Choreo LLC boosted its holdings in shares of Telefonica by 10.0% during the second quarter. Choreo LLC now owns 31,287 shares of the utilities provider’s stock worth $169,000 after purchasing an additional 2,834 shares during the period. Smartleaf Asset Management LLC grew its position in Telefonica by 12.1% during the third quarter. Smartleaf Asset Management LLC now owns 29,822 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 3,222 shares in the last quarter. Gitterman Wealth Management LLC grew its position in Telefonica by 9.2% during the third quarter. Gitterman Wealth Management LLC now owns 44,539 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 3,766 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in Telefonica by 24.5% in the 1st quarter. Focus Partners Wealth now owns 26,347 shares of the utilities provider’s stock valued at $123,000 after buying an additional 5,177 shares during the period. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefonica Stock Performance

TEF opened at $3.81 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.80 and a current ratio of 0.84. The company has a market cap of $21.60 billion, a PE ratio of -9.29, a price-to-earnings-growth ratio of 0.26 and a beta of 0.29. The stock has a 50-day moving average of $3.89 and a 200-day moving average of $4.57. Telefonica SA has a 52-week low of $3.80 and a 52-week high of $5.72.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TEF. Weiss Ratings reissued a “sell (d)” rating on shares of Telefonica in a research note on Monday, December 29th. Wall Street Zen upgraded Telefonica from a “sell” rating to a “hold” rating in a report on Monday, November 24th. Citigroup cut Telefonica to a “neutral” rating in a research report on Monday, December 1st. Bank of America restated an “underperform” rating and issued a $3.83 target price on shares of Telefonica in a research note on Thursday, December 4th. Finally, Kepler Capital Markets raised Telefonica from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. Four research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Strong Sell” and an average price target of $4.02.

Telefonica Company Profile

Telefónica, SA is a Spanish multinational telecommunications company headquartered in Madrid. Founded in 1924 as Compañía Telefónica Nacional de España, it has grown into one of the world’s largest telecommunications groups. Telefónica provides a broad range of communications services to residential and business customers, including mobile and fixed-line telephony, broadband internet, and pay-TV. The company also develops and sells network infrastructure and related services to support connectivity at scale.

Beyond traditional voice and data services, Telefónica has expanded into digital and IT services aimed at enterprise customers and public-sector clients.