Truist Financial Corp Sells 10,838 Shares of Telefónica, S.A. (NYSE:TEF)

Truist Financial Corp trimmed its stake in Telefónica, S.A. (NYSE:TEF) by 49.2% in the 4th quarter, HoldingsChannel reports. The fund owned 11,177 shares of the utilities provider’s stock after selling 10,838 shares during the quarter. Truist Financial Corp’s holdings in Telefónica were worth $44,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Trust Point Inc. bought a new position in shares of Telefónica in the 4th quarter worth $48,000. Financial Counselors Inc. acquired a new position in Telefónica during the 4th quarter valued at about $49,000. Pathstone Family Office LLC acquired a new position in Telefónica during the 3rd quarter valued at about $50,000. Traveka Wealth LLC acquired a new position in Telefónica during the 4th quarter valued at about $56,000. Finally, Intelligence Driven Advisers LLC increased its position in Telefónica by 42.7% during the 3rd quarter. Intelligence Driven Advisers LLC now owns 15,750 shares of the utilities provider’s stock valued at $62,000 after buying an additional 4,715 shares in the last quarter. 1.14% of the stock is owned by institutional investors.

Telefónica Trading Down 1.2 %

Shares of NYSE:TEF opened at $4.49 on Thursday. The business’s 50-day moving average is $4.37 and its 200 day moving average is $4.17. Telefónica, S.A. has a 1 year low of $3.71 and a 1 year high of $4.59. The firm has a market capitalization of $25.90 billion, a P/E ratio of -28.03 and a beta of 0.69. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.91 and a quick ratio of 0.86.

Telefónica (NYSE:TEF) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $12.09 billion. Telefónica had a positive return on equity of 7.84% and a negative net margin of 1.57%. During the same quarter in the previous year, the business earned $0.12 EPS. On average, research analysts predict that Telefónica, S.A. will post 0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com lowered Telefónica from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.