JPMorgan Chase & Co. Purchases 49,580 Shares of Telefónica, S.A. (NYSE:TEF)

JPMorgan Chase & Co. grew its position in Telefónica, S.A. (NYSE:TEF - Free Report) by 140.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,992 shares of the utilities provider's stock after buying an additional 49,580 shares during the quarter. JPMorgan Chase & Co.'s holdings in Telefónica were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Merit Financial Group LLC acquired a new stake in shares of Telefónica in the 4th quarter valued at approximately $47,000. Park Avenue Securities LLC lifted its holdings in shares of Telefónica by 37.2% during the 4th 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of Telefónica by 18.3% in the fourth quarter. GAMMA Investing LLC now owns 18,975 shares of the utilities provider's stock valued at $76,000 after purchasing an additional 2,936 shares during the period. American Century Companies Inc. grew its stake in Telefónica by 4.9% during the 4th quarter. American Century Companies Inc. now owns 1,429,565 shares of the utilities provider's stock valued at $5,747,000 after purchasing an additional 66,797 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Telefónica in the 3rd quarter valued at about $160,000. Institutional investors and hedge funds own 1.14% of the company's stock.

Telefónica Price Performance

NYSE TEF traded down $0.05 on Wednesday, reaching $5.08. The company's stock had a trading volume of 262,324 shares, compared to its average volume of 688,298. Telefónica, S.A. has a 52 week low of $3.89 and a 52 week high of $5.15. The firm has a market cap of $28.78 billion, a PE ratio of -19.52 and a beta of 0.46. The business has a 50-day moving average price of $4.70 and a 200 day moving average price of $4.43. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TEF. StockNews.com upgraded shares of Telefónica from a "hold" rating to a "buy" rating in a research report on Wednesday, March 5th. Sanford C. Bernstein assumed coverage on Telefónica in a research report on Tuesday, April 22nd. They set a "market perform" rating for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Telefónica currently 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.