Telefonica SA (TEF) Given Average Rating of “Hold” by Brokerages
Telefonica SA (BME:TEF) has earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is €10.54 ($12.40).
Several research firms have commented on TEF. Goldman Sachs Group, Inc. (The) set a €11.00 ($12.94) price objective on Telefonica SA and gave the company a “buy” rating in a research note on Wednesday. Barclays PLC set a €9.30 ($10.94) price objective on Telefonica SA and gave the company a “sell” rating in a research note on Monday, October 16th. Morgan Stanley set a €10.50 ($12.35) price objective on Telefonica SA and gave the company a “neutral” rating in a research note on Wednesday. J P Morgan Chase & Co set a €10.50 ($12.35) price objective on Telefonica SA and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Finally, Berenberg Bank set a €11.70 ($13.76) price objective on Telefonica SA and gave the company a “buy” rating in a research note on Wednesday, September 27th.
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Shares of Telefonica SA (TEF) traded down 0.19% on Friday, hitting $10.38. The stock had a trading volume of 1,246,800 shares. The firm’s 50-day moving average price is $10.68 and its 200 day moving average price is $10.91. The firm has a market cap of $53.18 billion and a PE ratio of 17.47. Telefonica SA has a 52-week low of $8.15 and a 52-week high of $11.64.
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).
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