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

Point72 Asset Management L.P. increased its holdings 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 and Exchange Commission (SEC). The firm owned 470,200 shares of the utilities provider's stock after acquiring an additional 153,634 shares during the period. Point72 Asset Management L.P.'s holdings in Telefónica were worth $1,890,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TEF. Tower Research Capital LLC TRC lifted its position in shares of Telefónica by 71.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 2,603 shares in the last quarter. Callan Family Office LLC acquired a new stake in Telefónica during the fourth quarter worth about $44,000. Drive Wealth Management LLC acquired a new stake in Telefónica during the fourth quarter worth about $45,000. Prospect Financial Group LLC acquired a new stake in Telefónica during the fourth quarter worth about $45,000. Finally, Merit Financial Group LLC acquired a new stake in shares of Telefónica in the fourth quarter valued at about $47,000. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

Telefónica Stock Performance

TEF traded up $0.04 during trading hours on Tuesday, hitting $5.24. The company's stock had a trading volume of 104,393 shares, compared to its average volume of 703,425. Telefónica, S.A. has a fifty-two week low of $3.89 and a fifty-two week high of $5.26. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $29.68 billion, a PE ratio of -20.13 and a beta of 0.46. The company has a 50-day simple moving average of $4.82 and a 200 day simple moving average of $4.46.

Telefónica (NYSE:TEF - Get Free Report) last posted its earnings results on Wednesday, May 14th. The utilities provider reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. Telefónica had a positive return on equity of 10.10% and a negative net margin of 2.84%. The firm had revenue of $9.70 billion for the quarter, compared to analysts' expectations of $10.06 billion. As a group, sell-side analysts expect that Telefónica, S.A. will post 0.3 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on TEF shares. DZ Bank downgraded Telefónica from a "hold" rating to a "strong sell" rating in a report on Friday, May 16th. Sanford C. Bernstein began coverage on Telefónica in a report on Tuesday, April 22nd. They set a "market perform" rating on the stock. Finally, Wall Street Zen raised Telefónica from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold".

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.