Cubist Systematic Strategies LLC Has $961,000 Holdings in Telefonica SA $TEF

Key Points

• Cubist Systematic Strategies LLC increased its stake in Telefonica SA by 340.2%, acquiring a total of 206,150 shares valued at approximately $961,000 as of the latest SEC filing.
• Telefonica's stock price opened at $5.36, with a market capitalization of $30.36 billion and a price-to-earnings ratio of -11.16, highlighting potential challenges in profitability.
• Recent analyst ratings show mixed sentiments, with Wall Street Zen upgrading the stock from "hold" to "buy," while DZ Bank downgraded it from "hold" to "strong sell," resulting in an average rating of "Reduce."

Cubist Systematic Strategies LLC increased its holdings in Telefonica SA (NYSE:TEF - Free Report) by 340.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,150 shares of the utilities provider's stock after purchasing an additional 159,319 shares during the period. Cubist Systematic Strategies LLC's holdings in Telefonica were worth $961,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TEF. Tower Research Capital LLC TRC grew its stake in shares of Telefonica by 71.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,236 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 2,603 shares during the period. Cromwell Holdings LLC grew its holdings in shares of Telefonica by 50.4% in the 1st quarter. Cromwell Holdings LLC now owns 10,031 shares of the utilities provider's stock worth $47,000 after purchasing an additional 3,361 shares during the last quarter. Momentous Wealth Management Inc. bought a new position in Telefonica during the 1st quarter valued at about $50,000. Clarius Group LLC acquired a new position in Telefonica in the first quarter valued at about $55,000. Finally, Cetera Investment Advisers bought a new stake in Telefonica during the fourth quarter worth about $48,000. 1.14% of the stock is owned by institutional investors and hedge funds.

Telefonica Trading Down 0.2%

TEF traded down $0.01 during trading on Friday, reaching $5.37. 999,102 shares of the company's stock were exchanged, compared to its average volume of 551,644. The company's fifty day moving average price is $5.35 and its 200-day moving average price is $5.07. The firm has a market capitalization of $30.45 billion, a PE ratio of -11.19, a P/E/G ratio of 0.61 and a beta of 0.56. Telefonica SA has a fifty-two week low of $3.89 and a fifty-two week high of $5.72. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.81 and a current ratio of 0.85.

Telefonica (NYSE:TEF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $10.28 billion for the quarter, compared to analyst estimates of $9.03 billion. Telefonica had a positive return on equity of 8.57% and a negative net margin of 5.88%. As a group, equities analysts forecast that Telefonica SA will post 0.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TEF shares. Wall Street Zen raised Telefonica from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. DZ Bank cut shares of Telefonica from a "hold" rating to a "strong sell" rating in a research note on Friday, May 16th. Finally, Berenberg Bank raised Telefonica to a "hold" rating in a report on Thursday, June 26th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce".

Telefonica 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.