Gallacher Capital Management LLC Increases Position in Telefónica, S.A. (NYSE:TEF)

Gallacher Capital Management LLC boosted its holdings in shares of Telefónica, S.A. (NYSE:TEF) by 9.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,160 shares of the utilities provider’s stock after purchasing an additional 7,584 shares during the quarter. Gallacher Capital Management LLC’s holdings in Telefónica were worth $340,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TEF. Sapient Capital LLC acquired a new stake in Telefónica in the 4th quarter valued at $45,000. AlphaQ Advisors LLC purchased a new stake in shares of Telefónica during the third quarter worth about $46,000. Trust Point Inc. purchased a new position in Telefónica in the 4th quarter valued at about $48,000. Financial Counselors Inc. purchased a new stake in Telefónica during the 4th quarter worth approximately $49,000. Finally, Pathstone Family Office LLC acquired a new position in shares of Telefónica during the third quarter valued at approximately $50,000. 1.14% of the stock is owned by institutional investors and hedge funds.

Telefónica Price Performance

TEF remained flat at $4.56 on Monday. 395,534 shares of the company were exchanged, compared to its average volume of 764,093. Telefónica, S.A. has a 52-week low of $3.71 and a 52-week high of $4.59. The firm has a market capitalization of $26.34 billion, a PE ratio of -21.67, a PEG ratio of 3.14 and a beta of 0.69. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 1.23. The business has a fifty day moving average price of $4.29 and a two-hundred day moving average price of $4.11.

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

Analyst Upgrades and Downgrades

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

Telefónica Profile

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.