Telefonica (BME:TEF) Given a €10.50 Price Target at Goldman Sachs Group

Telefonica (BME:TEF) received a €10.50 ($12.50) price target from equities researchers at Goldman Sachs Group in a research report issued to clients and investors on Thursday, January 4th. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price objective suggests a potential upside of 28.05% from the stock’s previous close.

Several other analysts also recently weighed in on TEF. Barclays set a €9.30 ($11.07) price target on Telefonica and gave the stock a “sell” rating in a research note on Monday, October 16th. Morgan Stanley set a €10.50 ($12.50) price target on Telefonica and gave the stock a “neutral” rating in a research note on Wednesday, October 18th. Berenberg Bank set a €11.70 ($13.93) price target on Telefonica and gave the stock a “buy” rating in a research note on Wednesday, September 27th. Deutsche Bank set a €11.00 ($13.10) target price on Telefonica and gave the company a “buy” rating in a research note on Monday, September 18th. Finally, Macquarie set a €10.50 ($12.50) target price on Telefonica and gave the company a “buy” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Telefonica presently has an average rating of “Hold” and an average price target of €9.98 ($11.88).

Telefonica (BME:TEF) opened at €8.20 ($9.76) on Thursday. The company has a market capitalization of $42,570.00 and a price-to-earnings ratio of 20.00. Telefonica has a twelve month low of €8.10 ($9.64) and a twelve month high of €10.63 ($12.65).

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Telefonica 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. 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 (BME:TEF)

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