GAMMA Investing LLC Purchases 7,697 Shares of Telefónica, S.A. (NYSE:TEF)

GAMMA Investing LLC grew its position in shares of Telefónica, S.A. (NYSE:TEF) by 92.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,039 shares of the utilities provider’s stock after buying an additional 7,697 shares during the quarter. GAMMA Investing LLC’s holdings in Telefónica were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in Telefónica by 0.4% in the second quarter. American Century Companies Inc. now owns 1,258,793 shares of the utilities provider’s stock valued at $5,300,000 after acquiring an additional 4,949 shares during the period. Nia Impact Advisors LLC bought a new position in shares of Telefónica in the 2nd quarter worth approximately $3,645,000. Natixis Advisors LLC boosted its holdings in shares of Telefónica by 81.2% in the second quarter. Natixis Advisors LLC now owns 696,563 shares of the utilities provider’s stock worth $2,933,000 after buying an additional 312,113 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in Telefónica by 21.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 300,304 shares of the utilities provider’s stock valued at $1,324,000 after buying an additional 52,586 shares during the period. Finally, QRG Capital Management Inc. raised its position in Telefónica by 2.8% in the second quarter. QRG Capital Management Inc. now owns 212,018 shares of the utilities provider’s stock worth $893,000 after acquiring an additional 5,835 shares during the period. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TEF. StockNews.com downgraded shares of Telefónica from a “buy” rating to a “hold” rating in a research report on Saturday. New Street Research downgraded shares of Telefónica from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 5th. Bank of America cut shares of Telefónica from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. HSBC upgraded Telefónica from a “reduce” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Hsbc Global Res upgraded shares of Telefónica to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Telefónica presently has an average rating of “Hold”.

Telefónica Trading Down 0.4 %

TEF opened at $4.76 on Wednesday. The stock’s fifty day moving average is $4.67 and its two-hundred day moving average is $4.50. Telefónica, S.A. has a 52 week low of $3.71 and a 52 week high of $4.93. The company has a market capitalization of $26.99 billion, a P/E ratio of -29.75 and a beta of 0.67. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.37.

Telefónica (NYSE:TEF) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $11.04 billion for the quarter, compared to analyst estimates of $10.85 billion. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. Analysts forecast that Telefónica, S.A. will post 0.34 earnings per share for the current year.

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.