Telefónica, S.A. (NYSE:TEF) Stock Position Raised by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its stake in shares of Telefónica, S.A. (NYSE:TEF - Free Report) by 48.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 470,200 shares of the utilities provider's stock after purchasing an additional 153,634 shares during the period. Point72 Asset Management L.P.'s holdings in Telefónica were worth $1,890,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in Telefónica by 71.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider's stock valued at $25,000 after buying an additional 2,603 shares in the last quarter. Callan Family Office LLC acquired a new position in Telefónica in the 4th quarter worth approximately $44,000. Drive Wealth Management LLC acquired a new position in Telefónica in the 4th quarter worth approximately $45,000. Prospect Financial Group LLC purchased a new position in Telefónica during the 4th quarter worth approximately $45,000. Finally, Merit Financial Group LLC acquired a new position in Telefónica during the fourth quarter valued at $47,000. 1.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on TEF shares. Sanford C. Bernstein began coverage on shares of Telefónica in a research note on Tuesday, April 22nd. They issued a "market perform" rating on the stock. DZ Bank cut shares of Telefónica from a "hold" rating to a "strong sell" rating in a report on Friday, May 16th. Finally, StockNews.com upgraded Telefónica from a "hold" rating to a "buy" rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Telefónica has a consensus rating of "Hold".

Telefónica Stock Performance

TEF opened at $5.13 on Thursday. 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 stock's 50 day moving average price is $4.79 and its two-hundred day moving average price is $4.45. The firm has a market capitalization of $29.06 billion, a P/E ratio of -19.71 and a beta of 0.46. Telefónica, S.A. has a 12-month low of $3.89 and a 12-month high of $5.15.

Telefónica (NYSE:TEF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. Telefónica had a negative net margin of 2.84% and a positive return on equity of 10.10%. The business had revenue of $9.70 billion for the quarter, compared to the consensus estimate of $10.06 billion. On average, equities analysts forecast that Telefónica, S.A. will post 0.3 earnings per share for the current year.

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.

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