Royal Bank of Canada Reiterates €6.80 Price Target for Telefonica (TEF)

Royal Bank of Canada set a €6.80 ($7.91) price target on Telefonica (BME:TEF) in a report published on Thursday. The firm currently has a sell rating on the stock.

A number of other analysts also recently commented on TEF. Sanford C. Bernstein set a €6.40 ($7.44) price target on shares of Telefonica and gave the stock a sell rating in a research report on Tuesday, July 17th. Credit Suisse Group set a €8.60 ($10.00) price target on shares of Telefonica and gave the stock a neutral rating in a research report on Friday, July 27th. UBS Group set a €10.00 ($11.63) price target on shares of Telefonica and gave the stock a buy rating in a research report on Wednesday, October 24th. Jefferies Financial Group set a €9.40 ($10.93) price target on shares of Telefonica and gave the stock a buy rating in a research report on Wednesday. Finally, Goldman Sachs Group set a €7.70 ($8.95) price target on shares of Telefonica and gave the stock a neutral rating in a research report on Wednesday, August 1st. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of €8.55 ($9.94).

TEF stock opened at €8.20 ($9.53) on Thursday. Telefonica has a 52 week low of €7.45 ($8.66) and a 52 week 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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