Sunpointe LLC Takes Position in Telefónica, S.A. (NYSE:TEF)

Sunpointe LLC purchased a new stake in shares of Telefónica, S.A. (NYSE:TEF) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,730 shares of the utilities provider’s stock, valued at approximately $53,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TEF. Sanctuary Advisors LLC bought a new stake in shares of Telefónica during the third quarter valued at about $45,000. Drive Wealth Management LLC bought a new stake in shares of Telefónica during the fourth quarter valued at about $45,000. Merit Financial Group LLC bought a new stake in shares of Telefónica during the fourth quarter valued at about $47,000. Vest Financial LLC bought a new stake in shares of Telefónica during the fourth quarter valued at about $52,000. Finally, Abel Hall LLC bought a new stake in shares of Telefónica during the third quarter valued at about $53,000. 1.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a report on Thursday, December 12th. One 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Telefónica Stock Up 0.8 %

Shares of NYSE TEF opened at $4.27 on Friday. Telefónica, S.A. has a 12 month low of $3.89 and a 12 month high of $4.93. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of -16.40 and a beta of 0.68. The business has a 50-day moving average of $4.09 and a 200-day moving average of $4.43.

Telefónica Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, January 10th. Shareholders of record on Wednesday, December 18th were paid a $0.1576 dividend. This represents a yield of 5.2%. The ex-dividend date was Wednesday, December 18th. Telefónica’s dividend payout ratio is currently -84.62%.

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.