Bank of New York Mellon Corp Has $513,000 Stock Position in Telefónica, S.A. (NYSE:TEF)

Bank of New York Mellon Corp lowered its position in Telefónica, S.A. (NYSE:TEF) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 127,568 shares of the utilities provider’s stock after selling 9,171 shares during the period. Bank of New York Mellon Corp’s holdings in Telefónica were worth $513,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in Telefónica by 8.3% in the 3rd quarter. FMR LLC now owns 1,898,978 shares of the utilities provider’s stock valued at $9,229,000 after acquiring an additional 146,259 shares in the last quarter. Drum Hill Capital LLC bought a new position in shares of Telefónica in the fourth quarter valued at approximately $2,001,000. Mainstay Capital Management LLC ADV boosted its position in shares of Telefónica by 3.3% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 398,457 shares of the utilities provider’s stock valued at $1,602,000 after buying an additional 12,606 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in Telefónica by 0.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 397,905 shares of the utilities provider’s stock worth $1,600,000 after buying an additional 3,688 shares in the last quarter. Finally, Cerity Partners LLC raised its position in Telefónica by 79.0% in the 3rd quarter. Cerity Partners LLC now owns 322,692 shares of the utilities provider’s stock valued at $1,568,000 after buying an additional 142,451 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

Telefónica Price Performance

Telefónica stock opened at $4.62 on Friday. Telefónica, S.A. has a 52 week low of $3.89 and a 52 week high of $4.93. The company’s 50 day moving average price is $4.33 and its two-hundred day moving average price is $4.43. The stock has a market cap of $26.17 billion, a P/E ratio of -17.75 and a beta of 0.62. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. One 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.