Telefónica, S.A. (NYSE:TEF) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its position in Telefónica, S.A. (NYSE:TEF) by 79.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,692 shares of the utilities provider’s stock after purchasing an additional 142,451 shares during the period. Cerity Partners LLC’s holdings in Telefónica were worth $1,568,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of TEF. Mitchell & Pahl Private Wealth LLC increased its stake in Telefónica by 2.1% in the third 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 last quarter. BSW Wealth Partners lifted its position in Telefónica by 11.4% during the third quarter. BSW Wealth Partners now owns 32,150 shares of the utilities provider’s stock valued at $156,000 after buying an additional 3,290 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in 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 buying an additional 3,590 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of 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 during the period. Finally, Gallacher Capital Management LLC lifted its holdings in shares of Telefónica by 5.2% during the 2nd quarter. Gallacher Capital Management LLC now owns 98,044 shares of the utilities provider’s stock valued at $413,000 after acquiring an additional 4,886 shares in the last quarter. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Stock Performance

Shares of Telefónica stock opened at $4.46 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. Telefónica, S.A. has a 1 year low of $3.82 and a 1 year high of $4.93. The firm’s 50-day simple moving average is $4.64 and its 200-day simple moving average is $4.55. The firm has a market cap of $25.26 billion, a PE ratio of -17.13 and a beta of 0.67.

Analyst Ratings Changes

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

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.