Telefonica SA (TEF) Stock Rating Reaffirmed by JPMorgan Chase & Co.
Telefonica SA (MCE:TEF)‘s stock had its “buy” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday.
Several other research firms have also recently weighed in on TEF. Goldman Sachs Group Inc. set a €9.60 ($10.67) target price on Telefonica SA and gave the stock a “neutral” rating in a research note on Wednesday, June 29th. Citigroup Inc. set a €13.50 ($15.00) price target on Telefonica SA and gave the company a “buy” rating in a research note on Tuesday, July 5th. Kepler Capital Markets set a €10.00 ($11.11) price target on Telefonica SA and gave the company a “buy” rating in a research note on Thursday, June 30th. Bank of America Corp. set a €9.60 ($10.67) price target on Telefonica SA and gave the company a “sell” rating in a research note on Wednesday, August 31st. Finally, Independent Research GmbH set a €10.80 ($12.00) price target on Telefonica SA and gave the company a “buy” rating in a research note on Thursday, July 28th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of €10.23 ($11.36).
Telefonica SA Company Profile
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. The Company’s segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica.
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