Telefónica, S.A. (NYSE:TEF) Holdings Raised by First Affirmative Financial Network

First Affirmative Financial Network lifted its stake in Telefónica, S.A. (NYSE:TEF) by 18.2% in the fourth quarter, HoldingsChannel reports. The firm owned 119,921 shares of the utilities provider’s stock after purchasing an additional 18,449 shares during the period. First Affirmative Financial Network’s holdings in Telefónica were worth $482,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new position in shares of Telefónica in the third quarter worth approximately $45,000. Drive Wealth Management LLC purchased a new stake in shares of Telefónica in the 4th quarter valued at approximately $45,000. Merit Financial Group LLC acquired a new position in Telefónica in the 4th quarter worth approximately $47,000. Abel Hall LLC purchased a new position in Telefónica during the 3rd quarter worth approximately $53,000. Finally, Traveka Wealth LLC acquired a new stake in Telefónica during the 4th quarter valued at $60,000. Institutional investors and hedge funds own 1.14% of the company’s stock.

Telefónica Stock Up 0.4 %

NYSE TEF opened at $4.06 on Thursday. 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, S.A. has a 1-year low of $3.82 and a 1-year high of $4.93. The firm’s fifty day simple moving average is $4.19 and its 200-day simple moving average is $4.46.

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

Telefónica Cuts Dividend

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

Analysts Set New Price Targets

Several analysts have recently commented on the company. HSBC raised Telefónica from a “reduce” rating to a “hold” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded Telefónica from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Finally, Hsbc Global Res upgraded Telefónica to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.