Two Sigma Advisers LP Buys New Holdings in Telefonica S.A. (NYSE:TEF)

Two Sigma Advisers LP bought a new stake in shares of Telefonica S.A. (NYSE:TEF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 65,700 shares of the utilities provider’s stock, valued at approximately $556,000.

A number of other hedge funds also recently modified their holdings of TEF. Legacy Financial Advisors Inc. lifted its holdings in Telefonica by 83.3% in the 4th quarter. Legacy Financial Advisors Inc. now owns 2,933 shares of the utilities provider’s stock worth $25,000 after buying an additional 1,333 shares during the period. Proficio Capital Partners LLC increased its holdings in shares of Telefonica by 69.0% in the 4th quarter. Proficio Capital Partners LLC now owns 3,552 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 1,450 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Telefonica in the 3rd quarter worth $88,000. Quadrant Capital Group LLC increased its holdings in shares of Telefonica by 287.9% in the 4th quarter. Quadrant Capital Group LLC now owns 13,839 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 10,271 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Telefonica by 18.7% in the 4th quarter. Creative Planning now owns 13,761 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 2,169 shares in the last quarter. Institutional investors own 0.97% of the company’s stock.

A number of research firms have commented on TEF. Macquarie lowered Telefonica from an “outperform” rating to a “neutral” rating in a report on Wednesday, March 20th. Berenberg Bank reissued a “hold” rating on shares of Telefonica in a report on Tuesday, March 19th. Sanford C. Bernstein reissued a “sell” rating on shares of Telefonica in a report on Friday, January 25th. Zacks Investment Research lowered Telefonica from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Finally, Goldman Sachs Group reissued a “hold” rating on shares of Telefonica in a report on Tuesday, February 26th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $9.75.

Shares of TEF stock traded up $0.05 on Friday, reaching $8.03. The stock had a trading volume of 3,103,426 shares, compared to its average volume of 2,629,148. The company has a market cap of $41.43 billion, a P/E ratio of 8.45 and a beta of 0.67. Telefonica S.A. has a 1 year low of $7.70 and a 1 year high of $10.02. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.79 and a quick ratio of 0.73.

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Telefonica Company Profile

Telefónica, SA provides mobile and fixed communication services primarily in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.

Further Reading: Analyzing a company’s cash flow statement

Institutional Ownership by Quarter for Telefonica (NYSE:TEF)

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