Gabelli Funds LLC Sells 30,000 Shares of Telefónica, S.A. (NYSE:TEF)

Gabelli Funds LLC trimmed its holdings in shares of Telefónica, S.A. (NYSE:TEF) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,464,000 shares of the utilities provider’s stock after selling 30,000 shares during the period. Gabelli Funds LLC’s holdings in Telefónica were worth $5,885,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in shares of Telefónica by 4.9% during the fourth quarter. American Century Companies Inc. now owns 1,429,565 shares of the utilities provider’s stock worth $5,747,000 after purchasing an additional 66,797 shares during the last quarter. Bank of Montreal Can lifted its position in Telefónica by 0.6% during the 4th quarter. Bank of Montreal Can now owns 636,498 shares of the utilities provider’s stock worth $2,559,000 after buying an additional 3,953 shares in the last quarter. Drum Hill Capital LLC bought a new stake in Telefónica during the 4th quarter worth about $2,001,000. Mariner LLC increased its position in Telefónica by 22.5% in the 4th quarter. Mariner LLC now owns 468,337 shares of the utilities provider’s stock valued at $1,883,000 after acquiring an additional 85,867 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV raised its stake in shares of Telefónica by 3.3% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 398,457 shares of the utilities provider’s stock worth $1,602,000 after acquiring an additional 12,606 shares during the last quarter. Institutional investors own 1.14% of the company’s stock.

Telefónica Price Performance

Telefónica stock opened at $4.91 on Friday. The stock has a market cap of $27.81 billion, a price-to-earnings ratio of -18.87 and a beta of 0.43. Telefónica, S.A. has a 12-month low of $3.89 and a 12-month high of $4.93. The company has a quick ratio of 0.81, a current ratio of 0.85 and a debt-to-equity ratio of 1.33. The business’s 50-day simple moving average is $4.52 and its 200 day simple moving average is $4.41.

Wall Street Analyst Weigh In

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

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.