Telefonica (TEF) Given a €6.20 Price Target at Sanford C. Bernstein
A number of other brokerages have also recently commented on TEF. JPMorgan Chase & Co. set a €6.20 ($7.21) price target on Telefonica and gave the company a sell rating in a research note on Tuesday, September 11th. Credit Suisse Group set a €8.10 ($9.42) price objective on Telefonica and gave the company a neutral rating in a report on Wednesday, October 31st. Deutsche Bank set a €10.10 ($11.74) price objective on Telefonica and gave the company a buy rating in a report on Friday, September 28th. Barclays set a €9.10 ($10.58) price objective on Telefonica and gave the company a neutral rating in a report on Monday, October 22nd. Finally, Kepler Capital Markets set a €7.50 ($8.72) price objective on Telefonica and gave the company a neutral rating in a report on Wednesday, October 24th. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of €8.58 ($9.98).
Telefonica has a 12 month low of €7.45 ($8.66) and a 12 month high of €10.63 ($12.36).
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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