Telefonica (BME:TEF) has been assigned a €9.50 ($10.80) price objective by analysts at Barclays in a research note issued to investors on Friday, July 27th. The firm presently has a “neutral” rating on the stock. Barclays’ target price would suggest a potential upside of 15.85% from the company’s previous close.
Several other brokerages have also commented on TEF. Goldman Sachs Group set a €9.50 ($10.80) price target on shares of Telefonica and gave the stock a “buy” rating in a research report on Wednesday, May 2nd. Berenberg Bank set a €11.00 ($12.50) price target on shares of Telefonica and gave the stock a “buy” rating in a research report on Thursday, April 26th. UBS Group set a €10.00 ($11.36) price target on shares of Telefonica and gave the stock a “buy” rating in a research report on Thursday, April 26th. Finally, Deutsche Bank set a €11.50 ($13.07) price objective on shares of Telefonica and gave the stock a “buy” rating in a research report on Tuesday, April 24th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of €9.17 ($10.42).
Shares of BME:TEF traded up €0.15 ($0.17) during trading on Friday, reaching €8.20 ($9.32). The stock had a trading volume of 33,480,000 shares, compared to its average volume of 23,390,000. Telefonica has a fifty-two week low of €7.45 ($8.47) and a fifty-two week high of €10.63 ($12.08).
Telefónica, SA provides mobile and fixed communication services primarily in the European Union and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.
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