Mainstay Capital Management LLC ADV Takes Position in Telefónica, S.A. (NYSE:TEF)

Mainstay Capital Management LLC ADV purchased a new position in shares of Telefónica, S.A. (NYSE:TEF - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 307,802 shares of the utilities provider's stock, valued at approximately $1,200,000.

Several other institutional investors also recently modified their holdings of TEF. Integrated Wealth Concepts LLC acquired a new stake in shares of Telefónica in the 4th quarter worth about $36,000. AlphaQ Advisors LLC bought a new stake in shares of Telefónica during the 4th quarter valued at about $36,000. Sound Income Strategies LLC bought a new stake in shares of Telefónica during the 3rd quarter valued at about $41,000. United Capital Financial Advisers LLC bought a new stake in Telefónica during the fourth quarter worth about $41,000. Finally, Ritholtz Wealth Management bought a new stake in Telefónica during the third quarter worth about $43,000. 1.14% of the stock is currently owned by institutional investors and hedge funds.

Telefónica Trading Down 1.2 %

Shares of TEF traded down $0.05 during midday trading on Friday, hitting $4.29. The stock had a trading volume of 422,321 shares, compared to its average volume of 526,840. Telefónica, S.A. has a 1 year low of $3.71 and a 1 year high of $4.53. The firm has a market cap of $24.78 billion, a PE ratio of -20.43, a price-to-earnings-growth ratio of 2.45 and a beta of 0.70. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.85. The stock's 50 day moving average is $4.14 and its 200 day moving average is $4.08.

Telefónica (NYSE:TEF - Get Free Report) last issued its earnings results on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. Telefónica had a negative net margin of 2.16% and a positive return on equity of 7.38%. The company had revenue of $10.93 billion for the quarter, compared to analysts' expectations of $12.09 billion. During the same period in the prior year, the business earned $0.12 EPS. As a group, analysts forecast that Telefónica, S.A. will post 0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Telefónica from a "buy" rating to a "hold" rating in a report on Monday, March 11th.

Telefónica 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.