Telefónica (NYSE:TEF) Upgraded at StockNews.com

StockNews.com upgraded shares of Telefónica (NYSE:TEF) from a hold rating to a buy rating in a report issued on Wednesday.

Telefónica Stock Up 0.6 %

NYSE TEF opened at $4.42 on Wednesday. The stock’s 50 day moving average is $4.14 and its 200 day moving average is $4.43. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. Telefónica has a 12 month low of $3.89 and a 12 month high of $4.93. The stock has a market cap of $25.03 billion, a PE ratio of -16.98 and a beta of 0.68.

Institutional Trading of Telefónica

Several hedge funds have recently modified their holdings of the company. Forum Financial Management LP raised its holdings in shares of Telefónica by 76.3% during the 4th quarter. Forum Financial Management LP now owns 31,214 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 13,508 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Telefónica by 48.5% during the 4th quarter. Point72 Asset Management L.P. now owns 470,200 shares of the utilities provider’s stock worth $1,890,000 after acquiring an additional 153,634 shares in the last quarter. Nia Impact Advisors LLC raised its holdings in shares of Telefónica by 11.5% during the 4th quarter. Nia Impact Advisors LLC now owns 982,717 shares of the utilities provider’s stock worth $3,951,000 after acquiring an additional 101,030 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Telefónica by 179.2% during the 4th quarter. Millennium Management LLC now owns 281,932 shares of the utilities provider’s stock worth $1,133,000 after acquiring an additional 180,945 shares in the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Telefónica by 34.5% during the 4th quarter. Focus Partners Wealth now owns 21,170 shares of the utilities provider’s stock worth $85,000 after acquiring an additional 5,435 shares in the last quarter. 1.14% of the stock is owned by hedge funds and other institutional investors.

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.