Callan Capital LLC Takes Position in Telefónica, S.A. (NYSE:TEF)

Callan Capital LLC acquired a new stake in shares of Telefónica, S.A. (NYSE:TEF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,949 shares of the utilities provider’s stock, valued at approximately $66,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its stake in Telefónica by 52.6% during the third quarter. Barclays PLC now owns 2,952,132 shares of the utilities provider’s stock worth $12,015,000 after buying an additional 1,017,590 shares during the period. Mainstay Capital Management LLC ADV purchased a new position in Telefónica during the fourth quarter worth $1,200,000. QRG Capital Management Inc. purchased a new position in Telefónica during the third quarter worth $816,000. O Shaughnessy Asset Management LLC boosted its stake in Telefónica by 278.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 192,932 shares of the utilities provider’s stock worth $785,000 after buying an additional 141,921 shares during the period. Finally, Natixis Advisors L.P. boosted its stake in Telefónica by 44.1% during the third quarter. Natixis Advisors L.P. now owns 365,731 shares of the utilities provider’s stock worth $1,489,000 after buying an additional 111,895 shares during the period. Institutional investors own 1.14% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Telefónica from a “buy” rating to a “hold” rating in a research note on Monday, March 11th.

Telefónica Stock Up 1.8 %

NYSE:TEF traded up $0.08 during mid-day trading on Friday, reaching $4.50. The company’s stock had a trading volume of 801,845 shares, compared to its average volume of 735,464. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 1.23. The stock has a fifty day moving average of $4.24 and a 200-day moving average of $4.10. Telefónica, S.A. has a 1 year low of $3.71 and a 1 year high of $4.53.

Telefónica (NYSE:TEF) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $10.93 billion during the quarter, compared to the consensus estimate of $12.09 billion. Telefónica had a negative net margin of 2.16% and a positive return on equity of 7.38%. During the same period in the previous year, the company posted $0.12 earnings per share. Sell-side analysts predict that Telefónica, S.A. will post 0.33 EPS for the current year.

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.