Raymond James Financial Inc. Takes $1.02 Million Position in Telefónica, S.A. (NYSE:TEF)

Raymond James Financial Inc. bought a new stake in shares of Telefónica, S.A. (NYSE:TEF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 254,343 shares of the utilities provider's stock, valued at approximately $1,022,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings 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 purchasing an additional 2,936 shares during the period. Gitterman Wealth Management LLC boosted its holdings in Telefónica by 8.5% in the fourth quarter. Gitterman Wealth Management LLC now owns 41,311 shares of the utilities provider's stock worth $166,000 after purchasing an additional 3,246 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its position in shares of Telefónica by 0.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 391,277 shares of the utilities provider's stock worth $1,573,000 after buying an additional 3,500 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Telefónica by 0.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 397,905 shares of the utilities provider's stock worth $1,600,000 after buying an additional 3,688 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its stake in Telefónica by 7.2% during the 4th quarter. Aaron Wealth Advisors LLC now owns 58,218 shares of the utilities provider's stock valued at $234,000 after purchasing an additional 3,902 shares during the period. Institutional investors and hedge funds own 1.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com raised Telefónica from a "hold" rating to a "buy" rating in a report on Wednesday, March 5th. Sanford C. Bernstein started coverage on shares of Telefónica in a research note on Tuesday, April 22nd. They issued a "market perform" rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Telefónica presently has an average rating of "Hold".

Telefónica Trading Up 0.2 %

Shares of TEF stock traded up $0.01 on Friday, reaching $4.98. The company had a trading volume of 373,185 shares, compared to its average volume of 691,280. The company has a 50-day moving average of $4.73 and a 200-day moving average 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. The stock has a market cap of $28.24 billion, a PE ratio of -19.15 and a beta of 0.46. Telefónica, S.A. has a 12 month low of $3.89 and a 12 month high of $5.15.

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.