Northern Trust Corp Increases Stock Holdings in Telefónica, S.A. (NYSE:TEF)

Northern Trust Corp raised its position in shares of Telefónica, S.A. (NYSE:TEF - Free Report) by 30.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,622,588 shares of the utilities provider's stock after acquiring an additional 851,581 shares during the period. Northern Trust Corp owned approximately 0.06% of Telefónica worth $14,563,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake 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 worth $25,000 after acquiring an additional 2,603 shares in the last quarter. Callan Family Office LLC bought a new position in Telefónica during the 4th quarter valued at $44,000. Drive Wealth Management LLC bought a new position in Telefónica during the 4th quarter valued at $45,000. Prospect Financial Group LLC acquired a new stake in shares of Telefónica during the 4th quarter valued at $45,000. Finally, Merit Financial Group LLC purchased a new stake in shares of Telefónica in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 1.14% of the company's stock.

Telefónica Stock Up 1.0%

TEF stock opened at $4.82 on Friday. 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 business's 50-day simple moving average is $4.76 and its 200 day simple moving average is $4.44. The company has a market cap of $27.33 billion, a PE ratio of -18.54 and a beta of 0.46. Telefónica, S.A. has a twelve month low of $3.89 and a twelve month high of $5.15.

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

Analyst Ratings Changes

Several analysts recently issued reports on TEF shares. Sanford C. Bernstein started coverage on Telefónica in a report on Tuesday, April 22nd. They set a "market perform" rating for the company. StockNews.com downgraded Telefónica from a "buy" rating to a "hold" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

About Telefónica

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.

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