Telefonica SA (TEF) Given a €11.50 Price Target at Berenberg Bank
Telefonica SA (BME:TEF) has been assigned a €11.50 ($13.53) price objective by research analysts at Berenberg Bank in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock.
Several other equities research analysts have also issued reports on TEF. Goldman Sachs Group, Inc. (The) set a €11.00 ($12.94) price objective on shares of Telefonica SA and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Barclays PLC set a €9.30 ($10.94) target price on shares of 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) target price on shares of Telefonica SA and gave the company a “neutral” rating in a research note on Wednesday, October 18th. J P Morgan Chase & Co set a €10.50 ($12.35) target price on shares of Telefonica SA and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Finally, Deutsche Bank AG set a €11.00 ($12.94) target price on shares of Telefonica SA and gave the company a “buy” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Telefonica SA presently has an average rating of “Hold” and an average target price of €10.55 ($12.42).
Shares of Telefonica SA (TEF) traded up 0.729% during trading on Tuesday, reaching $10.365. 185,122 shares of the company’s stock traded hands. The stock has a 50-day moving average of $10.67 and a 200-day moving average of $10.91. The company has a market capitalization of $53.10 billion and a price-to-earnings ratio of 17.449. Telefonica SA has a 1-year low of $8.15 and a 1-year high of $11.64.
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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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