Shares of Telefonica SA (BME:TEF) have received an average recommendation of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is €10.41 ($12.25).

TEF has been the topic of several recent analyst reports. Deutsche Bank AG set a €11.40 ($13.41) price objective on shares of Telefonica SA and gave the company a “buy” rating in a research report on Saturday, May 20th. J P Morgan Chase & Co set a €11.30 ($13.29) price objective on shares of Telefonica SA and gave the company a “buy” rating in a research report on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) set a €10.50 ($12.35) price objective on shares of Telefonica SA and gave the company a “buy” rating in a research report on Monday, July 10th. UBS AG set a €11.50 ($13.53) price objective on shares of Telefonica SA and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Citigroup Inc. set a €13.00 ($15.29) price target on shares of Telefonica SA and gave the company a “buy” rating in a report on Monday, July 31st.

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Shares of Telefonica SA (TEF) traded up 0.17% during mid-day trading on Tuesday, reaching $11.48. 1,054,034 shares of the company’s stock traded hands. Telefonica SA has a 12-month low of $8.15 and a 12-month high of $11.64. The firm’s 50 day moving average price is $10.73 and its 200-day moving average price is $10.72. The stock has a market cap of $58.81 billion and a price-to-earnings ratio of 19.97.

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. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

Analyst Recommendations for Telefonica SA (BME:TEF)

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