Clifford Capital Partners LLC Makes New $224,000 Investment in Telefónica, S.A. (NYSE:TEF)

Clifford Capital Partners LLC bought a new position in shares of Telefónica, S.A. (NYSE:TEF) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 46,094 shares of the utilities provider’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of Telefónica by 171.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,682 shares of the utilities provider’s stock worth $25,000 after buying an additional 3,590 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Telefónica by 113.9% in the 1st quarter. Russell Investments Group Ltd. now owns 5,888 shares of the utilities provider’s stock worth $26,000 after buying an additional 3,135 shares during the last quarter. Aaron Wealth Advisors LLC purchased a new stake in shares of Telefónica in the 2nd quarter worth approximately $45,000. Decatur Capital Management Inc. bought a new position in Telefónica in the 2nd quarter valued at approximately $70,000. Finally, Forum Financial Management LP bought a new position in Telefónica in the 2nd quarter valued at approximately $75,000. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TEF. Bank of America cut Telefónica from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. StockNews.com raised Telefónica from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. HSBC raised Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Hsbc Global Res raised Telefónica 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 issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Telefónica Price Performance

Shares of Telefónica stock opened at $4.47 on Wednesday. Telefónica, S.A. has a one year low of $3.82 and a one year high of $4.93. The stock’s fifty day moving average is $4.67 and its 200 day moving average is $4.54. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33.

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.