Aaron Wealth Advisors LLC Increases Stock Holdings in Telefónica, S.A. (NYSE:TEF)

Aaron Wealth Advisors LLC increased its holdings in Telefónica, S.A. (NYSE:TEF) by 402.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,316 shares of the utilities provider’s stock after buying an additional 43,511 shares during the period. Aaron Wealth Advisors LLC’s holdings in Telefónica were worth $264,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Telefónica by 2.1% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 135,936 shares of the utilities provider’s stock valued at $661,000 after acquiring an additional 2,768 shares during the last quarter. First Affirmative Financial Network raised its stake in Telefónica by 30.5% in the third quarter. First Affirmative Financial Network now owns 101,472 shares of the utilities provider’s stock valued at $493,000 after purchasing an additional 23,737 shares in the last quarter. Atomi Financial Group Inc. lifted its position in Telefónica by 26.6% during the third quarter. Atomi Financial Group Inc. now owns 49,741 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 10,442 shares during the last quarter. GAMMA Investing LLC grew its stake in Telefónica by 92.3% in the 3rd quarter. GAMMA Investing LLC now owns 16,039 shares of the utilities provider’s stock worth $78,000 after buying an additional 7,697 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Telefónica in the 2nd quarter worth $228,000. Institutional investors own 1.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TEF. Hsbc Global Res upgraded shares of Telefónica to a “hold” rating in a research report on Wednesday, October 2nd. StockNews.com lowered Telefónica from a “buy” rating to a “hold” rating in a research report on Saturday, October 12th. New Street Research downgraded Telefónica from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 5th. HSBC upgraded shares of Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Bank of America lowered shares of Telefónica from a “buy” rating to a “neutral” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Telefónica Trading Down 1.2 %

NYSE TEF opened at $4.77 on Friday. The firm has a market cap of $27.05 billion, a PE ratio of -29.81 and a beta of 0.67. Telefónica, S.A. has a 1-year low of $3.71 and a 1-year high of $4.93. The stock has a 50-day moving average of $4.69 and a 200-day moving average of $4.51. The company has a current ratio of 0.85, a quick ratio of 0.81 and a debt-to-equity ratio of 1.37.

Telefónica (NYSE:TEF) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. Telefónica had a positive return on equity of 9.18% and a negative net margin of 1.62%. The firm had revenue of $11.04 billion during the quarter, compared to the consensus estimate of $10.85 billion. As a group, sell-side analysts forecast that Telefónica, S.A. will post 0.35 EPS for the current year.

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.