Natixis Advisors LLC Has $2.72 Million Position in Telefónica, S.A. (NYSE:TEF)

Natixis Advisors LLC trimmed its position in Telefónica, S.A. (NYSE:TEF) by 19.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 558,569 shares of the utilities provider’s stock after selling 137,994 shares during the period. Natixis Advisors LLC’s holdings in Telefónica were worth $2,715,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Mitchell & Pahl Private Wealth LLC grew its position in shares of Telefónica by 2.1% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 135,936 shares of the utilities provider’s stock valued at $661,000 after purchasing an additional 2,768 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Telefónica by 113.9% in the first quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock valued at $26,000 after buying an additional 3,135 shares during the period. BSW Wealth Partners increased its position in shares of Telefónica by 11.4% during the third quarter. BSW Wealth Partners now owns 32,150 shares of the utilities provider’s stock worth $156,000 after acquiring an additional 3,290 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Telefónica by 171.6% during the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 3,590 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its position in Telefónica by 12.9% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 37,058 shares of the utilities provider’s stock valued at $180,000 after acquiring an additional 4,220 shares in the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TEF. HSBC raised Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. Hsbc Global Res upgraded Telefónica to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com raised shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Bank of America downgraded shares of Telefónica from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Telefónica has an average rating of “Hold”.

Telefónica Stock Performance

TEF opened at $4.45 on Monday. The business’s 50-day simple moving average is $4.68 and its 200 day simple moving average is $4.54. Telefónica, S.A. has a 52-week low of $3.82 and a 52-week high of $4.93. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. The firm has a market capitalization of $25.23 billion, a PE ratio of -17.12 and a beta of 0.67.

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.