Drive Wealth Management LLC Makes New Investment in Telefónica, S.A. (NYSE:TEF)

Drive Wealth Management LLC purchased a new stake in Telefónica, S.A. (NYSE:TEF) in the 4th quarter, Holdings Channel.com reports. The firm purchased 11,213 shares of the utilities provider’s stock, valued at approximately $45,000.

A number of other institutional investors have also modified their holdings of the business. Sanctuary Advisors LLC acquired a new position in Telefónica in the third quarter valued at approximately $45,000. Merit Financial Group LLC bought a new stake in shares of Telefónica in the 4th quarter worth approximately $47,000. Abel Hall LLC bought a new position in Telefónica during the 3rd quarter worth $53,000. Traveka Wealth LLC acquired a new stake in Telefónica in the fourth quarter worth $60,000. Finally, Park Avenue Securities LLC lifted its stake in Telefónica by 37.2% in the fourth quarter. Park Avenue Securities LLC now owns 15,692 shares of the utilities provider’s stock valued at $63,000 after buying an additional 4,252 shares during the last quarter. Institutional investors own 1.14% of the company’s stock.

Wall Street Analyst Weigh In

TEF has been the topic of a number of analyst reports. Hsbc Global Res raised shares of Telefónica to a “hold” rating in a report on Wednesday, October 2nd. StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, HSBC upgraded shares of Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Telefónica Price Performance

NYSE TEF opened at $4.04 on Wednesday. The company has a 50-day moving average price of $4.20 and a two-hundred day moving average price of $4.46. The stock has a market cap of $22.88 billion, a price-to-earnings ratio of -15.52 and a beta of 0.68. Telefónica, S.A. has a 52 week low of $3.82 and a 52 week 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.

Telefónica (NYSE:TEF) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $11.02 billion during the quarter, compared to analyst estimates of $11 billion. Telefónica had a negative net margin of 2.84% and a positive return on equity of 10.10%. Analysts forecast that Telefónica, S.A. will post 0.29 EPS for the current year.

Telefónica Cuts Dividend

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

Telefónica 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.