Horizon Kinetics Asset Management LLC Purchases 76,912 Shares of Telefónica, S.A. (NYSE:TEF)

Horizon Kinetics Asset Management LLC lifted its position in Telefónica, S.A. (NYSE:TEF) by 24.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 387,777 shares of the utilities provider’s stock after buying an additional 76,912 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Telefónica were worth $1,885,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Telefónica by 171.6% in the first quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock valued at $25,000 after buying an additional 3,590 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Telefónica by 113.9% in the 1st quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 3,135 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new position in Telefónica in the 2nd quarter worth $45,000. GAMMA Investing LLC increased its holdings in Telefónica by 92.3% during the 3rd quarter. GAMMA Investing LLC now owns 16,039 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 7,697 shares in the last quarter. Finally, Decatur Capital Management Inc. acquired a new stake in shares of Telefónica in the 2nd quarter valued at about $70,000. Institutional investors and hedge funds own 1.14% of the company’s stock.

Wall Street Analysts Forecast Growth

TEF has been the subject of several recent research reports. StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. Bank of America downgraded Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Hsbc Global Res raised shares of Telefónica to a “hold” rating in a research note on Wednesday, October 2nd. Finally, HSBC raised shares of Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Telefónica Price Performance

NYSE:TEF opened at $4.49 on Tuesday. Telefónica, S.A. has a 52-week low of $3.82 and a 52-week high of $4.93. The company has a market cap of $25.46 billion, a P/E ratio of -17.27 and a beta of 0.67. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.81 and a current ratio of 0.85. The stock’s 50-day simple moving average is $4.67 and its 200 day simple moving average is $4.54.

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.