Telefonica (TEF) Given a €8.10 Price Target by Credit Suisse Group Analysts

Telefonica (BME:TEF) has been assigned a €8.10 ($9.42) price target by research analysts at Credit Suisse Group in a research report issued to clients and investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s price target points to a potential downside of 1.22% from the stock’s previous close.

TEF has been the topic of a number of other research reports. Goldman Sachs Group set a €7.60 ($8.84) price target on shares of Telefonica and gave the company a “neutral” rating in a research note on Monday, July 23rd. JPMorgan Chase & Co. set a €6.20 ($7.21) price target on shares of Telefonica and gave the company a “sell” rating in a research note on Tuesday, September 11th. Jefferies Financial Group set a €9.40 ($10.93) price target on shares of Telefonica and gave the company a “buy” rating in a research note on Friday, August 10th. Kepler Capital Markets set a €8.30 ($9.65) price target on shares of Telefonica and gave the company a “neutral” rating in a research note on Tuesday, July 17th. Finally, Berenberg Bank set a €9.20 ($10.70) price target on shares of Telefonica and gave the company a “buy” rating in a research note on Tuesday, September 18th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. Telefonica currently has a consensus rating of “Hold” and an average price target of €8.55 ($9.94).

Telefonica stock opened at €8.20 ($9.53) on Wednesday. Telefonica has a 1 year low of €7.45 ($8.66) and a 1 year high of €10.63 ($12.36).

Telefonica Company Profile

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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Analyst Recommendations for Telefonica (BME:TEF)

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