Citigroup set a €13.00 ($16.05) price target on Telefonica (BME:TEF) in a research note issued to investors on Tuesday, January 9th. The brokerage currently has a buy rating on the stock.
A number of other brokerages have also recently issued reports on TEF. Barclays set a €9.80 ($12.10) price objective on shares of Telefonica and gave the stock a neutral rating in a report on Friday, December 8th. UBS Group set a €10.00 ($12.35) price objective on shares of Telefonica and gave the stock a buy rating in a report on Thursday, December 7th. Morgan Stanley set a €10.50 ($12.96) price objective on shares of Telefonica and gave the stock a neutral rating in a report on Thursday, November 16th. Sanford C. Bernstein set a €6.95 ($8.58) price target on shares of Telefonica and gave the company a sell rating in a report on Monday, December 11th. Finally, Goldman Sachs Group set a €11.00 ($13.58) price target on shares of Telefonica and gave the company a buy rating in a report on Monday, November 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of €9.81 ($12.11).
Telefonica (BME TEF) traded down €0.14 ($0.17) during midday trading on Tuesday, hitting €8.05 ($9.94). 25,410,000 shares of the stock were exchanged, compared to its average volume of 20,760,000. Telefonica has a 1-year low of €8.01 ($9.89) and a 1-year high of €10.63 ($13.12). The firm has a market capitalization of $41,810.00 and a P/E ratio of 19.63.
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Telefonica 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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