Telefónica (BME:TEF) has been assigned a €6.95 ($8.27) price objective by equities researchers at Sanford C. Bernstein in a research report issued to clients and investors on Monday. The firm currently has a “sell” rating on the stock. Sanford C. Bernstein’s price target suggests a potential downside of 18.81% from the company’s current price.

A number of other research firms have also recently commented on TEF. Barclays set a €9.70 ($11.55) price target on shares of Telefónica and gave the stock a “neutral” rating in a report on Monday, October 23rd. Deutsche Bank set a €11.00 ($13.10) price target on shares of Telefónica and gave the stock a “buy” rating in a report on Friday, October 27th. J P Morgan Chase & Co set a €10.50 ($12.50) price target on shares of Telefónica and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Goldman Sachs Group set a €10.80 ($12.86) price target on shares of Telefónica and gave the stock a “buy” rating in a report on Wednesday, September 13th. Finally, Morgan Stanley set a €10.50 ($12.50) price target on shares of Telefónica and gave the stock a “neutral” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of €10.15 ($12.08).

Shares of Telefónica (TEF) opened at €8.56 ($10.19) on Monday. Telefónica has a 1-year low of €8.21 ($9.77) and a 1-year high of €10.63 ($12.65).

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About Telefónica

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).

Analyst Recommendations for Telefónica (BME:TEF)

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