Telefonica SA (MCE:TEF) has been given an average rating of “Hold” by the eighteen brokerages that are presently covering the firm. Five research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is €10.17 ($10.94).

Several analysts have commented on TEF shares. Independent Research GmbH set a €10.80 ($11.61) price objective on Telefonica SA and gave the company a “buy” rating in a research note on Thursday, July 28th. Goldman Sachs Group Inc. set a €9.60 ($10.32) price objective on Telefonica SA and gave the company a “neutral” rating in a research note on Friday, July 29th. Barclays PLC set a €10.00 ($10.75) price objective on Telefonica SA and gave the company a “neutral” rating in a research note on Wednesday, August 3rd. Nord/LB set a €12.00 ($12.90) price objective on Telefonica SA and gave the company a “buy” rating in a research note on Wednesday, August 17th. Finally, Bank of America Corp. set a €9.60 ($10.32) price objective on Telefonica SA and gave the company a “sell” rating in a research note on Wednesday, August 31st.

Telefonica SA 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. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.

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