Concurrent Investment Advisors LLC Grows Stock Holdings in Telefónica, S.A. (NYSE:TEF)

Concurrent Investment Advisors LLC boosted its holdings in shares of Telefónica, S.A. (NYSE:TEF) by 12.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,058 shares of the utilities provider’s stock after purchasing an additional 4,220 shares during the period. Concurrent Investment Advisors LLC’s holdings in Telefónica were worth $180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Nia Impact Advisors LLC acquired a new position in shares of Telefónica in the 2nd quarter valued at about $3,645,000. Natixis Advisors LLC boosted its position in Telefónica by 81.2% in the 2nd quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock worth $2,933,000 after purchasing an additional 312,113 shares in the last quarter. Blair William & Co. IL acquired a new stake in shares of Telefónica during the 1st quarter worth approximately $295,000. BNP Paribas Financial Markets grew its stake in shares of Telefónica by 131.4% during the 1st quarter. BNP Paribas Financial Markets now owns 99,812 shares of the utilities provider’s stock worth $440,000 after purchasing an additional 56,683 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Telefónica by 21.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 300,304 shares of the utilities provider’s stock valued at $1,324,000 after purchasing an additional 52,586 shares during the period. 1.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on TEF. StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Hsbc Global Res upgraded Telefónica to a “hold” rating in a research note on Wednesday, October 2nd. HSBC upgraded Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Bank of America cut Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Telefónica Stock Down 1.8 %

TEF opened at $4.29 on Wednesday. The company has a market cap of $24.32 billion, a PE ratio of -16.81 and a beta of 0.67. Telefónica, S.A. has a twelve month low of $3.82 and a twelve month high of $4.93. The company has a 50-day moving average price of $4.72 and a 200 day moving average price of $4.55. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.37.

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.