J P Morgan Chase & Co set a €10.50 ($12.35) price target on Telefonica SA (BME:TEF) in a research note issued to investors on Tuesday, October 17th. The firm currently has a neutral rating on the stock.
Other analysts have also recently issued research reports about the stock. Goldman Sachs Group, Inc. (The) set a €10.50 ($12.35) price objective on shares of Telefonica SA and gave the stock a buy rating in a research note on Monday, July 10th. Citigroup Inc. set a €13.00 ($15.29) price objective on shares of Telefonica SA and gave the stock a buy rating in a research note on Monday, July 31st. Deutsche Bank AG set a €11.00 ($12.94) target price on shares of Telefonica SA and gave the company a buy rating in a report on Monday, July 31st. UBS AG set a €11.50 ($13.53) target price on shares of Telefonica SA and gave the company a buy rating in a report on Thursday, July 27th. Finally, Berenberg Bank set a €11.70 ($13.76) target price on shares of Telefonica SA and gave the company a buy rating in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of €10.48 ($12.33).
Shares of Telefonica SA (BME:TEF) traded down €0.06 ($0.07) during mid-day trading on Tuesday, hitting €8.83 ($10.39). 11,350,000 shares of the stock traded hands, compared to its average volume of 23,000,000. Telefonica SA has a 52 week low of €7.61 ($8.95) and a 52 week high of €10.63 ($12.51).
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About Telefonica SA
Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).
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