Assetmark Inc. Makes New Investment in Telefónica, S.A. (NYSE:TEF)

Assetmark Inc. acquired a new stake in shares of Telefónica, S.A. (NYSE:TEF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,991 shares of the utilities provider’s stock, valued at approximately $56,000.

Several other hedge funds have also recently modified their holdings of TEF. Carrera Capital Advisors acquired a new position in Telefónica in the 4th quarter worth approximately $47,000. Smartleaf Asset Management LLC boosted its position in Telefónica by 408.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 13,197 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 10,602 shares in the last quarter. QRG Capital Management Inc. boosted its position in Telefónica by 25.9% in the 4th quarter. QRG Capital Management Inc. now owns 256,943 shares of the utilities provider’s stock worth $1,033,000 after purchasing an additional 52,847 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in Telefónica by 20.1% in the 4th quarter. Checchi Capital Advisers LLC now owns 28,317 shares of the utilities provider’s stock worth $114,000 after purchasing an additional 4,733 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV boosted its position in Telefónica by 3.3% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 398,457 shares of the utilities provider’s stock worth $1,602,000 after purchasing an additional 12,606 shares in the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Telefónica Trading Up 1.0 %

Shares of TEF stock opened at $4.70 on Friday. The stock’s fifty day moving average is $4.21 and its two-hundred day moving average is $4.43. 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 $26.62 billion, a P/E ratio of -18.06 and a beta of 0.62. Telefónica, S.A. has a fifty-two week low of $3.89 and a fifty-two week high of $4.93.

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.