Telefonica (TEF) PT Set at €7.00 by Cfra

Telefonica (BME:TEF) received a €7.00 ($8.14) price objective from Cfra in a research note issued on Friday, July 27th. The firm currently has a “sell” rating on the stock. Cfra’s price target would indicate a potential downside of 14.63% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Goldman Sachs Group set a €9.50 ($11.05) price target on Telefonica and gave the stock a “buy” rating in a research report on Wednesday, May 2nd. Berenberg Bank set a €11.00 ($12.79) target price on Telefonica and gave the company a “buy” rating in a research report on Thursday, April 26th. UBS Group set a €10.00 ($11.63) price target on Telefonica and gave the company a “buy” rating in a research report on Thursday, April 26th. Finally, Deutsche Bank set a €11.50 ($13.37) price target on Telefonica and gave the company a “buy” rating in a research report on Tuesday, April 24th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of €9.17 ($10.66).

Shares of BME:TEF traded up €0.15 ($0.17) during trading on Friday, reaching €8.20 ($9.53). 33,480,000 shares of the stock were exchanged, compared to its average volume of 23,390,000. Telefonica has a 12-month low of €7.45 ($8.66) and a 12-month high of €10.63 ($12.36).



About Telefonica

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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