First Trust Advisors LP Purchases 258,489 Shares of Telefónica, S.A. (NYSE:TEF)

First Trust Advisors LP boosted its position in shares of Telefónica, S.A. (NYSE:TEF - Free Report) by 36.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 963,584 shares of the utilities provider's stock after acquiring an additional 258,489 shares during the quarter. First Trust Advisors LP's holdings in Telefónica were worth $3,874,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Telefónica by 18.3% during the fourth quarter. GAMMA Investing LLC now owns 18,975 shares of the utilities provider's stock worth $76,000 after acquiring an additional 2,936 shares during the last quarter. Gitterman Wealth Management LLC lifted its holdings in Telefónica by 8.5% during the 4th quarter. Gitterman Wealth Management LLC now owns 41,311 shares of the utilities provider's stock worth $166,000 after purchasing an additional 3,246 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in Telefónica by 0.9% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 391,277 shares of the utilities provider's stock valued at $1,573,000 after purchasing an additional 3,500 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Telefónica by 0.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 397,905 shares of the utilities provider's stock valued at $1,600,000 after buying an additional 3,688 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its position in Telefónica by 7.2% during the 4th quarter. Aaron Wealth Advisors LLC now owns 58,218 shares of the utilities provider's stock worth $234,000 after buying an additional 3,902 shares during the period. Institutional investors and hedge funds own 1.14% of the company's stock.

Telefónica Price Performance

Shares of NYSE:TEF traded up $0.11 during trading on Tuesday, reaching $5.12. 571,710 shares of the company traded hands, compared to its average volume of 688,718. The firm has a market capitalization of $29.00 billion, a PE ratio of -19.67 and a beta of 0.46. Telefónica, S.A. has a 52 week low of $3.89 and a 52 week high of $5.15. 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 company's 50 day moving average is $4.68 and its two-hundred day moving average is $4.42.

Wall Street Analysts Forecast Growth

TEF has been the topic of several research reports. Sanford C. Bernstein assumed coverage on shares of Telefónica in a research note on Tuesday, April 22nd. They issued a "market perform" rating on the stock. StockNews.com raised shares of Telefónica from a "hold" rating to a "buy" rating in a report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold".

Telefónica Company 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.