Telef�nica (BME:TEF) received a €8.40 ($10.37) price objective from analysts at Royal Bank of Canada in a research report issued on Friday. The brokerage currently has a “sell” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 2.44% from the stock’s previous close.

Several other equities research analysts have also commented on TEF. Barclays set a €9.80 ($12.10) price objective on Telef�nica and gave the stock a “neutral” rating in a research note on Friday, December 8th. Morgan Stanley set a €10.00 ($12.35) price objective on Telef�nica and gave the stock a “neutral” rating in a research note on Friday, February 2nd. Goldman Sachs set a €9.50 ($11.73) price objective on Telef�nica and gave the stock a “buy” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. set a €9.00 ($11.11) price objective on Telef�nica and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Finally, Citigroup set a €13.00 ($16.05) price objective on Telef�nica and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Telef�nica currently has a consensus rating of “Hold” and a consensus target price of €9.67 ($11.94).

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Shares of Telef�nica (BME TEF) traded up €0.15 ($0.19) on Friday, reaching €8.20 ($10.12). 33,480,000 shares of the company’s stock were exchanged, compared to its average volume of 23,390,000. The stock has a market cap of $42,580.00 and a price-to-earnings ratio of 14.64. Telef�nica has a 1-year low of €7.45 ($9.20) and a 1-year 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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