OLD Mission Capital LLC increased its position in Telefonica S.A. (NYSE:TEF) by 128.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 593,800 shares of the utilities provider’s stock after buying an additional 334,315 shares during the period. OLD Mission Capital LLC’s holdings in Telefonica were worth $5,748,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of TEF. Janney Montgomery Scott LLC acquired a new position in Telefonica during the third quarter worth approximately $110,000. St. James Investment Company LLC acquired a new position in Telefonica during the third quarter worth approximately $160,000. Advisors Asset Management Inc. increased its position in Telefonica by 72.8% during the third quarter. Advisors Asset Management Inc. now owns 14,816 shares of the utilities provider’s stock worth $160,000 after purchasing an additional 6,242 shares during the last quarter. Sei Investments Co. increased its position in Telefonica by 40.0% during the third quarter. Sei Investments Co. now owns 25,541 shares of the utilities provider’s stock worth $276,000 after purchasing an additional 7,291 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Telefonica by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 32,175 shares of the utilities provider’s stock worth $334,000 after purchasing an additional 1,008 shares during the last quarter. 0.80% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently commented on TEF. Zacks Investment Research raised shares of Telefonica from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Sanford C. Bernstein downgraded shares of Telefonica from a “market perform” rating to an “underperform” rating in a research note on Monday, December 11th. Citigroup upgraded shares of Telefonica to an “outperform” rating in a research note on Wednesday, January 17th. They noted that the move was a valuation call. DZ Bank reiterated a “neutral” rating on shares of Telefonica in a research note on Wednesday, January 24th. Finally, ValuEngine downgraded shares of Telefonica from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Telefonica has a consensus rating of “Hold” and a consensus target price of $11.00.
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Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).
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