Telefonica SA (BME:TEF) has been assigned an average recommendation of “Hold” from the sixteen research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is €9.17 ($10.42).

Several equities research analysts have recently issued reports on the stock. Barclays set a €9.50 ($10.80) target price on shares of Telefonica and gave the stock a “neutral” rating in a report on Thursday. Jefferies Financial Group set a €9.40 ($10.68) target price on shares of Telefonica and gave the stock a “buy” rating in a report on Friday, August 10th. Sanford C. Bernstein set a €5.95 ($6.76) target price on shares of Telefonica and gave the stock a “sell” rating in a report on Friday, August 10th. Goldman Sachs Group set a €7.70 ($8.75) target price on shares of Telefonica and gave the stock a “neutral” rating in a report on Wednesday, August 1st. Finally, UBS Group set a €10.00 ($11.36) target price on shares of Telefonica and gave the stock a “buy” rating in a report on Friday, July 27th.

TEF stock traded up €0.15 ($0.17) during trading on Friday, hitting €8.20 ($9.32). 33,480,000 shares of the company’s stock traded hands, compared to its average volume of 23,390,000. Telefonica has a 52 week low of €7.45 ($8.47) and a 52 week high of €10.63 ($12.08).

About Telefonica

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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Analyst Recommendations for Telefonica (BME:TEF)

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