Private Advisor Group LLC increased its position in Telefónica, S.A. (NYSE:TEF – Get Rating) by 46.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,436 shares of the utilities provider's stock after purchasing an additional 10,998 shares during the quarter. Private Advisor Group LLC's holdings in Telefónica were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of TEF. Ronald Blue Trust Inc. bought a new position in Telefónica during the 2nd quarter valued at approximately $39,000. Captrust Financial Advisors boosted its stake in Telefónica by 88.3% in the 1st quarter. Captrust Financial Advisors now owns 10,116 shares of the utilities provider's stock worth $49,000 after purchasing an additional 4,743 shares in the last quarter. International Assets Investment Management LLC bought a new position in Telefónica in the 2nd quarter worth about $52,000. Integrated Wealth Concepts LLC purchased a new stake in Telefónica during the 2nd quarter valued at about $54,000. Finally, Azimuth Capital Investment Management LLC purchased a new position in Telefónica in the second quarter worth about $63,000. Institutional investors own 6.13% of the company's stock.

Telefónica Stock Up 1.6 %

Telefónica stock opened at $3.76 on Friday. Telefónica, S.A. has a one year low of $3.10 and a one year high of $5.39. The stock has a fifty day moving average of $3.61 and a 200 day moving average of $3.93. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.90 and a current ratio of 0.98. The stock has a market cap of $21.71 billion, a PE ratio of 376.38 and a beta of 0.61.

Telefónica Increases Dividend

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays raised their price target on shares of Telefónica from €3.90 ($4.15) to €4.10 ($4.36) in a research report on Monday, November 7th. StockNews.com upgraded Telefónica from a "hold" rating to a "buy" rating in a research note on Tuesday, December 13th. JPMorgan Chase & Co. reduced their price objective on Telefónica from €2.70 ($2.87) to €2.50 ($2.66) and set an "underweight" rating for the company in a report on Thursday. The Goldman Sachs Group upgraded shares of Telefónica from a "neutral" rating to a "buy" rating in a research note on Wednesday, December 14th. Finally, Credit Suisse Group lifted their price target on shares of Telefónica from €4.10 ($4.36) to €4.20 ($4.47) and gave the stock a "neutral" rating in a research note on Thursday, November 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $4.00.

About Telefónica

(Get Rating)

Telefónica, SA, together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

Read More

• Get a free copy of the StockNews.com research report on Telefónica (TEF)
• MarketBeat: Week in Review 01/02-01/06
• Why is the CrowdStrike Stock Price Struggling?
• Four Undervalued Healthcare Stocks for 2023
• WWE Stock: Vince McMahon Wants Back In The Show
• NVIDIA Is Bottoming But Don't Buy It Just Yet

Want to see what other hedge funds are holding TEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telefónica, S.A. (NYSE:TEF – Get Rating).

Receive News & Ratings for Telefónica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefónica and related companies with MarketBeat.com's FREE daily email newsletter.