Shares of Telefónica, S.A. (NYSE:TEF - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $5.07 and last traded at $5.06, with a volume of 553513 shares trading hands. The stock had previously closed at $4.97.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on TEF. StockNews.com upgraded Telefónica from a "hold" rating to a "buy" rating in a research report on Wednesday, March 5th. Sanford C. Bernstein began coverage on shares of Telefónica in a research report on Tuesday, April 22nd. They issued a "market perform" rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold".
Get Our Latest Research Report on TEF
Telefónica Stock Up 2.0 %
The stock has a market cap of $28.75 billion, a price-to-earnings ratio of -19.50 and a beta of 0.43. 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's 50-day moving average price is $4.60 and its 200-day moving average price is $4.41.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in TEF. JPMorgan Chase & Co. lifted its position in shares of Telefónica by 293.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 35,412 shares of the utilities provider's stock valued at $172,000 after acquiring an additional 26,410 shares during the period. Merit Financial Group LLC bought a new position in shares of Telefónica in the fourth quarter valued at approximately $47,000. Sanctuary Advisors LLC purchased a new position in shares of Telefónica during the third quarter valued at approximately $45,000. Barclays PLC grew its stake in shares of Telefónica by 20.8% in the 3rd quarter. Barclays PLC now owns 178,271 shares of the utilities provider's stock worth $867,000 after acquiring an additional 30,738 shares in the last quarter. Finally, Townsquare Capital LLC lifted its position in shares of Telefónica by 38.8% during the fourth quarter. Townsquare Capital LLC now owns 67,901 shares of the utilities provider's stock valued at $273,000 after purchasing an additional 18,988 shares in the last quarter. 1.14% of the stock is owned by institutional investors and hedge funds.
About Telefónica
(
Get Free Report)
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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