Telefónica (TEF) Given a €10.00 Price Target by UBS Analysts
Telefónica (BME:TEF) received a €10.00 ($11.90) target price from analysts at UBS in a research report issued on Thursday. The brokerage presently has a “buy” rating on the stock. UBS’s target price would suggest a potential upside of 15.74% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. Goldman Sachs Group set a €11.00 ($13.10) target price on shares of Telefónica and gave the stock a “buy” rating in a report on Wednesday, October 18th. Berenberg Bank set a €11.70 ($13.93) price target on shares of Telefónica and gave the company a “buy” rating in a research report on Wednesday, September 27th. Deutsche Bank set a €11.00 ($13.10) price target on shares of Telefónica and gave the company a “buy” rating in a research report on Monday, September 18th. Finally, Macquarie set a €10.50 ($12.50) price target on shares of Telefónica and gave the company a “buy” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Telefónica currently has an average rating of “Hold” and an average price target of €10.37 ($12.35).
Shares of Telefónica (BME:TEF) traded up €0.08 ($0.10) during mid-day trading on Thursday, reaching €8.64 ($10.29). 42,190,000 shares of the company’s stock were exchanged, compared to its average volume of 27,750,000. Telefónica has a one year low of €7.73 ($9.20) and a one year high of €10.63 ($12.65).
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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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