Abacus Wealth Partners LLC Takes $881,000 Position in Telefonica SA $TEF

Abacus Wealth Partners LLC bought a new stake in Telefonica SA (NYSE:TEF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 217,610 shares of the utilities provider’s stock, valued at approximately $881,000.

A number of other hedge funds have also made changes to their positions in TEF. National Bank of Canada FI raised its stake in shares of Telefonica by 367.7% in the 3rd quarter. National Bank of Canada FI now owns 4,897 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 3,850 shares during the period. Tranquilli Financial Advisor LLC purchased a new position in shares of Telefonica in the 4th quarter valued at $43,000. Momentous Wealth Management Inc. purchased a new position in shares of Telefonica in the 3rd quarter valued at $51,000. Keybank National Association OH purchased a new stake in Telefonica during the 4th quarter worth $61,000. Finally, Sei Investments Co. purchased a new stake in Telefonica during the 3rd quarter worth $61,000. Hedge funds and other institutional investors own 1.14% of the company’s stock.

Telefonica Stock Performance

Telefonica stock opened at $3.81 on Friday. Telefonica SA has a 12-month low of $3.80 and a 12-month high of $5.72. The company has a market capitalization of $21.60 billion, a price-to-earnings ratio of -9.29, a price-to-earnings-growth ratio of 0.26 and a beta of 0.29. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.84 and a quick ratio of 0.80. The firm’s fifty day moving average price is $3.81 and its 200 day moving average price is $3.97.

Telefonica Company Profile

Telefónica, SA is a Spanish multinational telecommunications company headquartered in Madrid. Founded in 1924 as Compañía Telefónica Nacional de España, it has grown into one of the world’s largest telecommunications groups. Telefónica provides a broad range of communications services to residential and business customers, including mobile and fixed-line telephony, broadband internet, and pay-TV. The company also develops and sells network infrastructure and related services to support connectivity at scale.

Beyond traditional voice and data services, Telefónica has expanded into digital and IT services aimed at enterprise customers and public-sector clients.