Callan Family Office LLC Buys New Stake in Telefónica, S.A. (NYSE:TEF)

Callan Family Office LLC bought a new stake in Telefónica, S.A. (NYSE:TEF) in the 4th quarter, Holdings Channel.com reports. The fund bought 10,980 shares of the utilities provider’s stock, valued at approximately $44,000.

Several other institutional investors have also recently added to or reduced their stakes in TEF. Concurrent Investment Advisors LLC increased its holdings in Telefónica by 12.9% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 37,058 shares of the utilities provider’s stock valued at $180,000 after purchasing an additional 4,220 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Telefónica by 5.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 394,217 shares of the utilities provider’s stock valued at $1,916,000 after purchasing an additional 19,539 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Telefónica by 8.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 308,396 shares of the utilities provider’s stock valued at $1,499,000 after purchasing an additional 24,854 shares during the last quarter. Cerity Partners LLC increased its holdings in Telefónica by 79.0% in the 3rd quarter. Cerity Partners LLC now owns 322,692 shares of the utilities provider’s stock valued at $1,568,000 after purchasing an additional 142,451 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC increased its holdings in Telefónica by 24.7% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 387,777 shares of the utilities provider’s stock valued at $1,885,000 after purchasing an additional 76,912 shares during the last quarter. Institutional investors and hedge funds own 1.14% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Telefónica from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Telefónica presently has an average rating of “Hold”.

Telefónica Price Performance

Telefónica stock opened at $4.60 on Wednesday. The stock has a market cap of $26.05 billion, a P/E ratio of -17.67 and a beta of 0.62. The company has a fifty day simple moving average of $4.18 and a 200-day simple moving average of $4.42. Telefónica, S.A. has a 12-month low of $3.89 and a 12-month high of $4.93. The company has a current ratio of 0.85, a quick ratio of 0.81 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.