Telefonica SA (MCE:TEF) received a €9.60 ($10.67) price objective from stock analysts at Goldman Sachs Group Inc. in a research report issued to clients and investors on Wednesday. The brokerage presently has a a “neutral” rating on the stock.

A number of other brokerages also recently issued reports on TEF. Barclays PLC set a €10.30 ($11.44) price objective on shares of Telefonica SA and gave the stock a “neutral” rating in a research report on Thursday, September 15th. JPMorgan Chase & Co. set a €11.20 ($12.44) price objective on shares of Telefonica SA and gave the stock a “buy” rating in a research report on Friday, September 2nd. Bank of America Corp. set a €9.60 ($10.67) price objective on shares of Telefonica SA and gave the stock a “sell” rating in a research report on Wednesday, August 31st. Nord/LB set a €12.00 ($13.33) price objective on shares of Telefonica SA and gave the stock a “buy” rating in a research report on Wednesday, August 17th. Finally, Independent Research GmbH set a €10.80 ($12.00) price objective on shares of Telefonica SA and gave the stock a “buy” rating in a research report on Thursday, July 28th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of €10.26 ($11.40).

About Telefonica SA

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. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.

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