Deutsche Bank Reiterates “€10.10” Price Target for Telefonica (TEF)

Deutsche Bank set a €10.10 ($11.74) price objective on Telefonica (BME:TEF) in a report published on Wednesday morning. The firm currently has a buy rating on the stock.

Several other analysts have also weighed in on the company. Goldman Sachs Group set a €7.00 ($8.14) price objective on Telefonica and gave the company a neutral rating in a report on Friday, September 7th. JPMorgan Chase & Co. set a €6.20 ($7.21) price objective on Telefonica and gave the company a sell rating in a report on Tuesday, September 11th. 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. UBS Group set a €10.00 ($11.63) price objective on Telefonica and gave the company a buy rating in a report on Wednesday, October 24th. 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of €8.58 ($9.98).

Telefonica has a fifty-two week low of €7.45 ($8.66) and a fifty-two week high of €10.63 ($12.36).

Telefonica Company Profile

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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