Virtu Financial LLC Invests $304,000 in Telefónica, S.A. (NYSE:TEF)

Virtu Financial LLC purchased a new position in Telefónica, S.A. (NYSE:TEF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 75,572 shares of the utilities provider’s stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TEF. Sanctuary Advisors LLC purchased a new position in shares of Telefónica in the third quarter worth $45,000. Abel Hall LLC purchased a new stake in Telefónica in the 3rd quarter worth $53,000. Carrera Capital Advisors bought a new position in shares of Telefónica during the 4th quarter valued at about $47,000. Callan Family Office LLC purchased a new position in shares of Telefónica during the fourth quarter valued at about $44,000. Finally, Drive Wealth Management LLC bought a new stake in shares of Telefónica in the fourth quarter worth about $45,000. 1.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Telefónica Price Performance

TEF stock opened at $4.62 on Friday. The company has a fifty day simple moving average of $4.33 and a two-hundred day simple moving average of $4.43. Telefónica, S.A. has a 52 week low of $3.89 and a 52 week high of $4.93. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $26.17 billion, a P/E ratio of -17.75 and a beta of 0.62.

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.