Telef�nica (TEF) Given a €9.00 Price Target by JPMorgan Chase Analysts

JPMorgan Chase set a €9.00 ($11.11) price target on Telef�nica (BME:TEF) in a research note published on Monday. The brokerage currently has a neutral rating on the stock.

Several other equities analysts have also issued reports on the stock. Berenberg Bank set a €11.30 ($13.95) price objective on shares of Telef�nica and gave the company a buy rating in a report on Tuesday, December 19th. Citigroup set a €13.00 ($16.05) price objective on shares of Telef�nica and gave the company a buy rating in a report on Tuesday, January 9th. Goldman Sachs set a €9.50 ($11.73) price objective on shares of Telef�nica and gave the company a buy rating in a report on Thursday, February 15th. Morgan Stanley set a €10.00 ($12.35) price objective on shares of Telef�nica and gave the company a neutral rating in a report on Friday, February 2nd. Finally, Sanford C. Bernstein set a €6.95 ($8.58) price objective on shares of Telef�nica and gave the company a sell rating in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of €9.69 ($11.96).

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Shares of TEF stock opened at €8.20 ($10.12) on Monday. Telef�nica has a 52-week low of €7.45 ($9.20) and a 52-week high of €10.63 ($13.12).

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About Telef�nica

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.

Analyst Recommendations for Telef�nica (BME:TEF)

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