GAMMA Investing LLC Raises Stock Holdings in Telefónica, S.A. (NYSE:TEF)

GAMMA Investing LLC lifted its holdings in shares of Telefónica, S.A. (NYSE:TEF) by 92.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,039 shares of the utilities provider’s stock after buying an additional 7,697 shares during the period. GAMMA Investing LLC’s holdings in Telefónica were worth $78,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TEF. Nia Impact Advisors LLC acquired a new stake in Telefónica in the 2nd quarter valued at about $3,645,000. Natixis Advisors LLC lifted its position in Telefónica by 81.2% during the second quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock worth $2,933,000 after buying an additional 312,113 shares in the last quarter. Blair William & Co. IL purchased a new stake in Telefónica in the 1st quarter valued at $295,000. BNP Paribas Financial Markets increased its stake in shares of Telefónica by 131.4% in the 1st quarter. BNP Paribas Financial Markets now owns 99,812 shares of the utilities provider’s stock worth $440,000 after acquiring an additional 56,683 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Telefónica by 21.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 300,304 shares of the utilities provider’s stock worth $1,324,000 after acquiring an additional 52,586 shares during the period. 1.14% of the stock is owned by hedge funds and other institutional investors.

Telefónica Price Performance

Telefónica stock opened at $4.76 on Wednesday. The company’s 50 day simple moving average is $4.67 and its 200-day simple moving average is $4.50. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.81 and a current ratio of 0.85. Telefónica, S.A. has a 1 year low of $3.71 and a 1 year high of $4.93. The company has a market capitalization of $26.99 billion, a price-to-earnings ratio of -29.75 and a beta of 0.67.

Telefónica (NYSE:TEF) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. The company had revenue of $11.04 billion for the quarter, compared to analyst estimates of $10.85 billion. As a group, equities research analysts expect that Telefónica, S.A. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TEF shares. HSBC raised shares of Telefónica from a “reduce” rating to a “hold” rating in a report on Wednesday, October 2nd. Hsbc Global Res upgraded shares of Telefónica to a “hold” rating in a report on Wednesday, October 2nd. Bank of America cut Telefónica from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. New Street Research lowered Telefónica from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 5th. Finally, StockNews.com downgraded Telefónica from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.