JPMorgan Chase set a €9.00 ($11.11) price objective on Telef�nica (BME:TEF) in a report released on Monday morning. The firm currently has a neutral rating on the stock.
Several other brokerages also recently issued reports on TEF. Goldman Sachs set a €10.50 ($12.96) price objective on Telef�nica and gave the stock a buy rating in a research report on Thursday, January 4th. Deutsche Bank set a €11.50 ($14.20) price objective on Telef�nica and gave the stock a buy rating in a research report on Friday, February 16th. Royal Bank of Canada set a €8.40 ($10.37) price objective on Telef�nica and gave the stock a sell rating in a research report on Friday, March 23rd. Berenberg Bank set a €11.30 ($13.95) price objective on Telef�nica and gave the stock a buy rating in a research report on Tuesday, December 19th. Finally, UBS set a €10.00 ($12.35) price objective on Telef�nica and gave the stock a buy rating in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of €9.69 ($11.96).
Shares of BME TEF opened at €8.20 ($10.12) on Monday. Telef�nica has a 12-month low of €7.45 ($9.20) and a 12-month high of €10.63 ($13.12).
Telefónica, SA provides mobile and fixed communication services primarily in the European Union and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.
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