Raymond James Financial Inc. Makes New $1.02 Million Investment in Telefónica, S.A. (NYSE:TEF)

Raymond James Financial Inc. purchased a new position in shares of Telefónica, S.A. (NYSE:TEF - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 254,343 shares of the utilities provider's stock, valued at approximately $1,022,000.

A number of other institutional investors also recently modified their holdings of TEF. Carrera Capital Advisors bought a new position in shares of Telefónica in the fourth quarter valued at approximately $47,000. Callan Family Office LLC purchased a new position in shares of Telefónica during the 4th quarter valued at $44,000. Drive Wealth Management LLC bought a new position in Telefónica during the fourth quarter worth about $45,000. Prospect Financial Group LLC bought a new position in Telefónica in the 4th quarter worth approximately $45,000. Finally, Merit Financial Group LLC purchased a new position in shares of Telefónica in the fourth quarter valued at $47,000. 1.14% of the stock is owned by institutional investors and hedge funds.

Telefónica Trading Down 0.9 %

NYSE:TEF traded down $0.05 during mid-day trading on Wednesday, reaching $5.08. 566,973 shares of the company's stock traded hands, compared to its average volume of 690,778. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81. The firm has a market capitalization of $28.78 billion, a price-to-earnings ratio of -19.52 and a beta of 0.46. The company has a 50 day moving average price of $4.70 and a 200-day moving average price of $4.43. Telefónica, S.A. has a 12-month low of $3.89 and a 12-month high of $5.15.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Sanford C. Bernstein began 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 research note on Wednesday, March 5th. 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. 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.