Telefónica, S.A. (NYSE:TEF) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lowered its holdings in Telefónica, S.A. (NYSE:TEF) by 17.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,679 shares of the utilities provider’s stock after selling 3,942 shares during the period. Avantax Advisory Services Inc.’s holdings in Telefónica were worth $75,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Telefónica by 8.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,396 shares of the utilities provider’s stock worth $1,499,000 after acquiring an additional 24,854 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Telefónica by 293.4% in the third quarter. JPMorgan Chase & Co. now owns 35,412 shares of the utilities provider’s stock valued at $172,000 after buying an additional 26,410 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Telefónica by 274.0% in the third quarter. Point72 Asset Management L.P. now owns 316,566 shares of the utilities provider’s stock valued at $1,539,000 after acquiring an additional 231,919 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Telefónica in the 3rd quarter valued at $45,000. Finally, Merit Financial Group LLC acquired a new stake in Telefónica during the 4th quarter worth $47,000. 1.14% of the stock is owned by hedge funds and other institutional investors.

Telefónica Stock Performance

Shares of TEF opened at $4.62 on Friday. Telefónica, S.A. has a 1 year low of $3.89 and a 1 year high of $4.93. The stock has a market capitalization of $26.17 billion, a P/E ratio of -17.75 and a beta of 0.62. 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 company’s fifty day moving average is $4.33 and its two-hundred day moving average is $4.43.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.