Legacy Financial Advisors Inc. Acquires Shares of 20,253 Telefónica, S.A. (NYSE:TEF)

Legacy Financial Advisors Inc. bought a new position in shares of Telefónica, S.A. (NYSE:TEF) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 20,253 shares of the utilities provider’s stock, valued at approximately $85,000.

Other hedge funds also recently modified their holdings of the company. Gabelli Funds LLC grew its stake in Telefónica by 2.6% during the fourth quarter. Gabelli Funds LLC now owns 1,519,000 shares of the utilities provider’s stock worth $5,924,000 after buying an additional 39,000 shares in the last quarter. American Century Companies Inc. increased its stake in Telefónica by 0.4% in the second quarter. American Century Companies Inc. now owns 1,258,793 shares of the utilities provider’s stock valued at $5,300,000 after acquiring an additional 4,949 shares during the last quarter. Nia Impact Advisors LLC acquired a new position in Telefónica during the second quarter valued at approximately $3,645,000. Natixis Advisors LLC lifted its stake 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 purchasing an additional 312,113 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Telefónica by 1.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 373,929 shares of the utilities provider’s stock valued at $1,459,000 after purchasing an additional 6,066 shares in the last quarter. Institutional investors own 1.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered Telefónica from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th. New Street Research lowered shares of Telefónica from a “strong-buy” rating to a “hold” rating in a report on Friday, July 5th. StockNews.com cut shares of Telefónica from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Bank of America lowered shares of Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd.

Telefónica Stock Performance

Shares of TEF stock opened at $4.83 on Monday. The firm has a market capitalization of $27.39 billion, a price-to-earnings ratio of -30.19 and a beta of 0.67. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.37. The business’s 50-day moving average price is $4.55 and its 200-day moving average price is $4.44. Telefónica, S.A. has a 12 month low of $3.71 and a 12 month high of $4.93.

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

Telefónica 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.