11,237 Shares in Telefónica, S.A. (NYSE:TEF) Acquired by Prospect Financial Group LLC

Prospect Financial Group LLC purchased a new stake in Telefónica, S.A. (NYSE:TEF) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 11,237 shares of the utilities provider’s stock, valued at approximately $45,000.

Other large investors also recently made changes to their positions in the company. Callan Family Office LLC acquired a new position in Telefónica in the fourth quarter valued at $44,000. Sanctuary Advisors LLC acquired a new stake in shares of Telefónica in the third quarter worth approximately $45,000. Drive Wealth Management LLC purchased a new stake in Telefónica in the fourth quarter valued at approximately $45,000. Merit Financial Group LLC acquired a new position in Telefónica during the fourth quarter worth approximately $47,000. Finally, Carrera Capital Advisors purchased a new position in Telefónica during the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Stock Performance

Shares of TEF stock opened at $4.54 on Tuesday. The company’s fifty day simple moving average is $4.29 and its 200-day simple 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, S.A. has a 52 week low of $3.89 and a 52 week high of $4.93. The company has a market cap of $25.71 billion, a PE ratio of -17.44 and a beta of 0.62.

Wall Street Analyst Weigh In

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

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.