Goldman Sachs Group Inc. Reaffirms Neutral Rating for Telefonica SA (TEF)
Telefonica SA (MCE:TEF)‘s stock had its “neutral” rating restated by investment analysts at Goldman Sachs Group Inc. in a research note issued on Wednesday.
Several other equities analysts also recently weighed in on TEF. HSBC set a €8.90 ($9.78) price objective on Telefonica SA and gave the company a “buy” rating in a research note on Monday, June 27th. Independent Research GmbH set a €10.00 ($10.99) price target on Telefonica SA and gave the stock a “buy” rating in a research report on Monday, June 27th. Kepler Capital Markets set a €10.00 ($10.99) price target on Telefonica SA and gave the stock a “buy” rating in a research report on Thursday, June 30th. Citigroup Inc. set a €13.50 ($14.84) price target on Telefonica SA and gave the stock a “buy” rating in a research report on Tuesday, July 5th. Finally, Barclays PLC set a €10.00 ($10.99) price target on Telefonica SA and gave the stock a “neutral” rating in a research report on Wednesday, August 3rd. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of €10.23 ($11.24).
Telefonica SA 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. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.
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