StockNews.com Upgrades Telefónica (NYSE:TEF) to Buy

Telefónica (NYSE:TEF) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Telefónica Trading Up 1.0 %

NYSE:TEF opened at $4.45 on Wednesday. Telefónica has a 1 year low of $3.89 and a 1 year high of $4.93. 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 stock has a fifty day moving average price of $4.14 and a two-hundred day moving average price of $4.43. The stock has a market capitalization of $25.20 billion, a price-to-earnings ratio of -17.10 and a beta of 0.68.

Institutional Investors Weigh In On Telefónica

A number of institutional investors and hedge funds have recently modified their holdings of TEF. Northern Trust Corp raised its holdings in Telefónica by 30.7% during the fourth quarter. Northern Trust Corp now owns 3,622,588 shares of the utilities provider’s stock worth $14,563,000 after purchasing an additional 851,581 shares during the last quarter. Drum Hill Capital LLC acquired a new position in shares of Telefónica during the 4th quarter worth $2,001,000. First Trust Advisors LP boosted its position in shares of Telefónica by 36.7% in the 4th quarter. First Trust Advisors LP now owns 963,584 shares of the utilities provider’s stock worth $3,874,000 after buying an additional 258,489 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Telefónica in the 4th quarter worth about $1,022,000. Finally, Point72 Asset Management L.P. grew its stake in Telefónica by 274.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 316,566 shares of the utilities provider’s stock valued at $1,539,000 after acquiring an additional 231,919 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

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.