LPL Financial LLC Raises Stock Holdings in Telefónica, S.A. (NYSE:TEF)

LPL Financial LLC boosted its stake in shares of Telefónica, S.A. (NYSE:TEF) by 18.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 248,213 shares of the utilities provider’s stock after acquiring an additional 38,490 shares during the quarter. LPL Financial LLC’s holdings in Telefónica were worth $998,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Telefónica by 293.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 35,412 shares of the utilities provider’s stock worth $172,000 after acquiring an additional 26,410 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Telefónica during the fourth quarter worth approximately $47,000. Sanctuary Advisors LLC acquired a new position in Telefónica in the third quarter valued at approximately $45,000. MML Investors Services LLC increased its stake in Telefónica by 7.8% in the third quarter. MML Investors Services LLC now owns 45,289 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 3,266 shares during the last quarter. Finally, Barclays PLC raised its holdings in Telefónica by 20.8% during the third quarter. Barclays PLC now owns 178,271 shares of the utilities provider’s stock worth $867,000 after purchasing an additional 30,738 shares in the last quarter. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Price Performance

Telefónica stock opened at $4.91 on Monday. The stock has a market capitalization of $27.81 billion, a PE ratio of -18.87 and a beta of 0.43. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81. Telefónica, S.A. has a 12 month low of $3.89 and a 12 month high of $4.93. The business has a 50 day simple moving average of $4.53 and a 200-day simple moving average of $4.41.

Analyst Ratings Changes

Separately, StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

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.