JPMorgan Chase & Co. Has $342,000 Holdings in Telefónica, S.A. (NYSE:TEF)

JPMorgan Chase & Co. boosted its holdings in shares of Telefónica, S.A. (NYSE:TEF - Free Report) by 140.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,992 shares of the utilities provider's stock after purchasing an additional 49,580 shares during the quarter. JPMorgan Chase & Co.'s holdings in Telefónica were worth $342,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TEF. Merit Financial Group LLC acquired a new position in Telefónica during the 4th quarter valued at approximately $47,000. Park Avenue Securities LLC boosted its holdings in shares of Telefónica by 37.2% during the fourth quarter. Park Avenue Securities LLC now owns 15,692 shares of the utilities provider's stock valued at $63,000 after acquiring an additional 4,252 shares during the period. GAMMA Investing LLC grew its position in shares of 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. American Century Companies Inc. increased its holdings in shares of Telefónica by 4.9% in the 4th quarter. American Century Companies Inc. now owns 1,429,565 shares of the utilities provider's stock worth $5,747,000 after acquiring an additional 66,797 shares during the period. Finally, Jane Street Group LLC bought a new stake in Telefónica in the 3rd quarter valued at about $160,000. 1.14% of the stock is currently owned by hedge funds and other institutional investors.

Telefónica Trading Down 1.6 %

Shares of TEF traded down $0.08 during midday trading on Thursday, hitting $5.00. The stock had a trading volume of 152,940 shares, compared to its average volume of 688,813. The business has a 50-day simple moving average of $4.71 and a two-hundred day simple moving average of $4.43. The firm has a market cap of $28.35 billion, a P/E ratio of -19.23 and a beta of 0.46. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. Telefónica, S.A. has a fifty-two week low of $3.89 and a fifty-two week high of $5.15.

Analyst Ratings Changes

Several equities research analysts have commented on TEF shares. StockNews.com upgraded shares of Telefónica from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. Sanford C. Bernstein began coverage on Telefónica in a research report on Tuesday, April 22nd. They set a "market perform" rating for the company. One equities research 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's stock. Based on data from MarketBeat.com, Telefónica presently has a consensus 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.