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.

TRADEMARK VIOLATION WARNING: This piece was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/10/24/telefonica-sa-tef-given-a-11-50-price-target-at-berenberg-bank.html.

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)

Receive News & Ratings for Telefonica SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonica SA and related companies with MarketBeat.com's FREE daily email newsletter.