Telefónica, S.A. (NYSE:TEF) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lowered its position in Telefónica, S.A. (NYSE:TEF) by 17.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 18,679 shares of the utilities provider’s stock after selling 3,942 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Telefónica were worth $75,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Callan Family Office LLC acquired a new stake in Telefónica during the 4th quarter worth approximately $44,000. Sanctuary Advisors LLC acquired a new stake in shares of Telefónica in the third quarter worth $45,000. Drive Wealth Management LLC purchased a new position in shares of Telefónica in the 4th quarter valued at $45,000. Merit Financial Group LLC acquired a new position in shares of Telefónica during the 4th quarter valued at $47,000. Finally, Carrera Capital Advisors purchased a new stake in shares of Telefónica in the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Stock Performance

Shares of Telefónica stock opened at $4.62 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. Telefónica, S.A. has a 1 year low of $3.89 and a 1 year high of $4.93. The firm’s 50-day simple moving average is $4.33 and its 200-day simple moving average is $4.43. The firm has a market cap of $26.17 billion, a PE ratio of -17.75 and a beta of 0.62.

Analyst Ratings Changes

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

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.