American Century Companies Inc. Buys 66,797 Shares of Telefónica, S.A. (NYSE:TEF)

American Century Companies Inc. raised its stake in shares of Telefónica, S.A. (NYSE:TEF) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,429,565 shares of the utilities provider’s stock after buying an additional 66,797 shares during the quarter. American Century Companies Inc.’s holdings in Telefónica were worth $5,747,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in shares of Telefónica in the 3rd quarter worth about $45,000. Abel Hall LLC bought a new stake in Telefónica during the 3rd quarter valued at about $53,000. Carrera Capital Advisors purchased a new position in Telefónica in the fourth quarter worth about $47,000. Callan Family Office LLC bought a new position in shares of Telefónica in the fourth quarter worth approximately $44,000. Finally, Drive Wealth Management LLC bought a new position in shares of Telefónica in the fourth quarter worth approximately $45,000. 1.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Telefónica Trading Down 5.8 %

Telefónica stock opened at $4.63 on Friday. Telefónica, S.A. has a one year low of $3.89 and a one year high of $4.93. The business’s fifty day moving average is $4.41 and its 200 day moving average is $4.43. The stock has a market capitalization of $26.22 billion, a PE ratio of -17.79 and a beta of 0.43. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.85 and a quick ratio of 0.81.

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.