Oppenheimer & Co. Inc. Grows Stock Position in Telefonica SA $TEF

Key Points

• Oppenheimer & Co. Inc. raised its stake in Telefonica by 1,561.8% in Q4, buying an additional 1,474,721 shares to hold 1,569,148 shares worth about $6.36 million.
• Telefonica (NYSE:TEF) shares opened at $3.81 with a market cap of $21.6 billion and a negative PE of -9.29, trading in a one-year range of $3.80–$5.72, signaling relatively low valuation levels.
• Several other institutions made small buy-ins, but overall hedge funds and institutional investors hold only about 1.14% of the company's stock.

Oppenheimer & Co. Inc. increased its position in shares of Telefonica SA (NYSE:TEF - Free Report) by 1,561.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,569,148 shares of the utilities provider's stock after buying an additional 1,474,721 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Telefonica were worth $6,355,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI raised its position in shares of Telefonica by 367.7% during the 3rd quarter. National Bank of Canada FI now owns 4,897 shares of the utilities provider's stock valued at $25,000 after buying an additional 3,850 shares during the period. Momentous Wealth Management Inc. purchased a new stake in shares of Telefonica during the 3rd quarter valued at approximately $51,000. Tranquilli Financial Advisor LLC purchased a new stake in shares of Telefonica during the 4th quarter valued at approximately $43,000. Sei Investments Co. purchased a new stake in shares of Telefonica during the 3rd quarter valued at approximately $61,000. Finally, BNP Paribas Financial Markets raised its position in shares of Telefonica by 101,907.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 13,261 shares of the utilities provider's stock valued at $67,000 after buying an additional 13,248 shares during the period. Hedge funds and other institutional investors own 1.14% of the company's stock.

Telefonica Price Performance

TEF stock opened at $3.81 on Friday. The firm has a market cap of $21.60 billion, a PE ratio of -9.29, a PEG ratio of 0.26 and a beta of 0.29. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.80 and a current ratio of 0.84. The firm's 50 day moving average price is $3.81 and its 200-day moving average price is $4.06. Telefonica SA has a one year low of $3.80 and a one year high of $5.72.

Telefonica Profile

Telefónica, SA is a Spanish multinational telecommunications company headquartered in Madrid. Founded in 1924 as Compañía Telefónica Nacional de España, it has grown into one of the world's largest telecommunications groups. Telefónica provides a broad range of communications services to residential and business customers, including mobile and fixed-line telephony, broadband internet, and pay-TV. The company also develops and sells network infrastructure and related services to support connectivity at scale.

Beyond traditional voice and data services, Telefónica has expanded into digital and IT services aimed at enterprise customers and public-sector clients.

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