Telefonica SA (BME:TEF) has been given a €11.00 ($12.79) price objective by investment analysts at Goldman Sachs Group, Inc. (The) in a research report issued on Wednesday, October 18th. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group, Inc. (The)’s price target indicates a potential upside of 24.58% from the stock’s previous close.
Several other analysts also recently weighed in on the company. J P Morgan Chase & Co set a €10.50 ($12.21) target price on Telefonica SA and gave the company a “neutral” rating in a research note on Tuesday, October 17th. UBS AG set a €11.50 ($13.37) target price on Telefonica SA and gave the company a “buy” rating in a research note on Thursday, July 27th. Citigroup Inc. set a €13.00 ($15.12) target price on Telefonica SA and gave the company a “buy” rating in a research note on Monday, July 31st. Kepler Capital Markets set a €10.00 ($11.63) target price on Telefonica SA and gave the company a “neutral” rating in a research note on Wednesday, July 19th. Finally, Berenberg Bank set a €10.10 ($11.74) target price on Telefonica SA and gave the company a “neutral” rating in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of €10.48 ($12.18).
Shares of Telefonica SA (BME TEF) traded down €0.06 ($0.07) during midday trading on Wednesday, reaching €8.83 ($10.27). The company’s stock had a trading volume of 11,680,000 shares, compared to its average volume of 23,000,000. Telefonica SA has a 1-year low of €7.61 ($8.85) and a 1-year high of €10.63 ($12.36).
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Telefonica SA Company Profile
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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