Raymond James Financial Services Advisors Inc. Decreases Position in Telefónica, S.A. (NYSE:TEF)

Raymond James Financial Services Advisors Inc. lessened its holdings in Telefónica, S.A. (NYSE:TEF) by 17.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,059 shares of the utilities provider’s stock after selling 7,838 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Telefónica were worth $141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. boosted its position in Telefónica by 5.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 52,101 shares of the utilities provider’s stock valued at $212,000 after buying an additional 2,837 shares during the period. Gitterman Wealth Management LLC boosted its position in Telefónica by 9.3% in the 3rd quarter. Gitterman Wealth Management LLC now owns 35,614 shares of the utilities provider’s stock valued at $145,000 after buying an additional 3,029 shares during the period. Gallacher Capital Management LLC boosted its position in Telefónica by 4.4% in the 3rd quarter. Gallacher Capital Management LLC now owns 79,576 shares of the utilities provider’s stock valued at $324,000 after buying an additional 3,390 shares during the period. 180 Wealth Advisors LLC raised its holdings in shares of Telefónica by 12.0% in the 3rd quarter. 180 Wealth Advisors LLC now owns 34,690 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 3,709 shares in the last quarter. Finally, Intelligence Driven Advisers LLC raised its holdings in shares of Telefónica by 42.7% in the 3rd quarter. Intelligence Driven Advisers LLC now owns 15,750 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 4,715 shares in the last quarter. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefónica Price Performance

Shares of TEF opened at $4.43 on Friday. Telefónica, S.A. has a twelve month low of $3.71 and a twelve month high of $4.53. The firm’s fifty day simple moving average is $4.23 and its 200-day simple moving average is $4.09. The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of -21.10, a PEG ratio of 3.06 and a beta of 0.70. The company has a current ratio of 0.89, a quick ratio of 0.85 and a debt-to-equity ratio of 1.23.

Telefónica (NYSE:TEF) last announced its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Telefónica had a negative net margin of 2.16% and a positive return on equity of 7.38%. The business had revenue of $10.93 billion for the quarter, compared to analyst estimates of $12.09 billion. During the same period last year, the business earned $0.12 EPS. Equities analysts forecast that Telefónica, S.A. will post 0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Telefónica from a “buy” rating to a “hold” rating in a report on Monday, March 11th.

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.