Summit Financial LLC Makes New $80,000 Investment in Telefónica, S.A. (NYSE:TEF)

Summit Financial LLC bought a new position in Telefónica, S.A. (NYSE:TEF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,211 shares of the utilities provider’s stock, valued at approximately $80,000.

Other large investors also recently modified their holdings of the company. Orion Portfolio Solutions LLC raised its position in Telefónica by 9.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 55,085 shares of the utilities provider’s stock worth $221,000 after purchasing an additional 4,961 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Telefónica by 140.0% during the fourth quarter. JPMorgan Chase & Co. now owns 84,992 shares of the utilities provider’s stock worth $342,000 after acquiring an additional 49,580 shares during the last quarter. Prospect Financial Group LLC acquired a new position in shares of Telefónica during the fourth quarter valued at $45,000. LPL Financial LLC increased its position in Telefónica by 18.4% in the fourth quarter. LPL Financial LLC now owns 248,213 shares of the utilities provider’s stock worth $998,000 after purchasing an additional 38,490 shares during the period. Finally, American Century Companies Inc. raised its holdings in Telefónica by 4.9% during the 4th quarter. American Century Companies Inc. now owns 1,429,565 shares of the utilities provider’s stock worth $5,747,000 after purchasing an additional 66,797 shares during the last quarter. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Telefónica Stock Down 5.8 %

Shares of Telefónica stock opened at $4.63 on Friday. The business has a fifty day simple moving average of $4.41 and a 200 day simple moving average of $4.43. The stock has a market cap of $26.22 billion, a PE ratio of -17.79 and a beta of 0.43. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. Telefónica, S.A. has a 12 month low of $3.89 and a 12 month high of $4.93.

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.