10,946 Shares in Telefónica, S.A. (NYSE:TEF) Acquired by Carrera Capital Advisors

Carrera Capital Advisors purchased a new stake in Telefónica, S.A. (NYSE:TEF) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,946 shares of the utilities provider’s stock, valued at approximately $47,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in Telefónica by 8.3% in the 3rd quarter. FMR LLC now owns 1,898,978 shares of the utilities provider’s stock valued at $9,229,000 after purchasing an additional 146,259 shares in the last quarter. Drum Hill Capital LLC acquired a new stake in shares of Telefónica during the fourth quarter worth approximately $2,001,000. Mainstay Capital Management LLC ADV increased its position in shares of Telefónica by 3.3% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 398,457 shares of the utilities provider’s stock worth $1,602,000 after purchasing an additional 12,606 shares during the last quarter. Crossmark Global Holdings Inc. grew its stake in Telefónica by 0.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 397,905 shares of the utilities provider’s stock worth $1,600,000 after purchasing an additional 3,688 shares in the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its holdings in Telefónica by 24.7% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 387,777 shares of the utilities provider’s stock worth $1,885,000 after buying an additional 76,912 shares during the last quarter. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Wall Street Analyst Weigh In

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

Telefónica Trading Down 0.1 %

NYSE:TEF opened at $4.40 on Wednesday. Telefónica, S.A. has a 1 year low of $3.89 and a 1 year high of $4.93. The business has a fifty day moving average of $4.13 and a 200-day moving average of $4.43. 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 market cap of $24.92 billion, a price-to-earnings ratio of -16.90 and a beta of 0.68.

Telefónica Company 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.