24,030 Shares in Telefónica, S.A. (NYSE:TEF) Acquired by Choreo LLC

Choreo LLC purchased a new stake in shares of Telefónica, S.A. (NYSE:TEF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 24,030 shares of the utilities provider’s stock, valued at approximately $102,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TEF. EverSource Wealth Advisors LLC grew its holdings in Telefónica by 171.6% during the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 3,590 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Telefónica by 113.9% during the first quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 3,135 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Telefónica during the first quarter valued at approximately $34,000. HighPoint Advisor Group LLC acquired a new position in Telefónica during the fourth quarter valued at approximately $45,000. Finally, Aaron Wealth Advisors LLC acquired a new position in Telefónica during the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 1.14% of the company’s stock.

Telefónica Stock Performance

Shares of NYSE:TEF opened at $4.83 on Friday. Telefónica, S.A. has a twelve month low of $3.71 and a twelve month high of $4.93. The firm has a market cap of $27.39 billion, a PE ratio of -30.19 and a beta of 0.67. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.81 and a current ratio of 0.85. The business has a fifty day moving average of $4.55 and a 200-day moving average of $4.43.

Telefónica (NYSE:TEF) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $11.04 billion during the quarter, compared to analyst estimates of $10.85 billion. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. On average, equities research analysts predict that Telefónica, S.A. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TEF. Deutsche Bank Aktiengesellschaft downgraded shares of Telefónica from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th. StockNews.com downgraded shares of Telefónica from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Bank of America downgraded shares of Telefónica from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Finally, New Street Research downgraded shares of Telefónica from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 5th.

About Telefónica

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.