Telefónica, S.A. (NYSE:TEF) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in shares of Telefónica, S.A. (NYSE:TEF) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 161,180 shares of the utilities provider’s stock after buying an additional 8,632 shares during the period. Cerity Partners LLC’s holdings in Telefónica were worth $629,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Financial Counselors Inc. acquired a new stake in shares of Telefónica during the fourth quarter worth about $49,000. Optas LLC raised its holdings in Telefónica by 49.5% during the fourth quarter. Optas LLC now owns 26,965 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 8,924 shares in the last quarter. BSW Wealth Partners raised its holdings in Telefónica by 32.2% during the fourth quarter. BSW Wealth Partners now owns 42,035 shares of the utilities provider’s stock worth $164,000 after purchasing an additional 10,244 shares in the last quarter. Mainstay Capital Management LLC ADV purchased a new position in Telefónica during the fourth quarter worth about $1,200,000. Finally, Traveka Wealth LLC purchased a new position in Telefónica during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 1.14% of the company’s stock.

Telefónica Trading Up 1.6 %

NYSE TEF opened at $4.43 on Wednesday. The stock has a market capitalization of $25.58 billion, a P/E ratio of -21.10, a P/E/G ratio of 2.95 and a beta of 0.70. Telefónica, S.A. has a 52-week low of $3.71 and a 52-week high of $4.53. The firm has a 50-day moving average price of $4.20 and a 200 day moving average price of $4.09. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 1.23.

Telefónica (NYSE:TEF) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Telefónica had a negative net margin of 2.16% and a positive return on equity of 7.38%. The firm had revenue of $10.93 billion during the quarter, compared to analysts’ expectations of $12.09 billion. During the same period in the prior year, the company posted $0.12 earnings per share. Equities research analysts expect that Telefónica, S.A. will post 0.33 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Telefónica from a “buy” rating to a “hold” rating in a report on Monday, March 11th.

About Telefónica

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.