Telefonica (BME:TEF) received a €7.00 ($8.14) price objective from research analysts at Goldman Sachs Group in a report issued on Friday. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group’s target price would suggest a potential downside of 14.63% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Sanford C. Bernstein set a €5.95 ($6.92) price target on shares of Telefonica and gave the company a “sell” rating in a research note on Friday, August 10th. Cfra set a €7.00 ($8.14) price target on shares of Telefonica and gave the company a “sell” rating in a research note on Friday, July 27th. Barclays set a €9.50 ($11.05) price target on shares of Telefonica and gave the company a “neutral” rating in a research note on Friday, July 27th. Royal Bank of Canada set a €7.40 ($8.60) price target on shares of Telefonica and gave the company a “sell” rating in a research note on Friday, June 8th. Finally, JPMorgan Chase & Co. set a €8.50 ($9.88) price target on shares of Telefonica and gave the company a “neutral” rating in a research note on Friday, June 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of €9.12 ($10.61).

BME TEF traded up €0.15 ($0.17) during mid-day trading on Friday, reaching €8.20 ($9.53). 33,480,000 shares of the stock were exchanged, compared to its average volume of 23,390,000. Telefonica has a one year low of €7.45 ($8.66) and a one year high of €10.63 ($12.36).

About Telefonica

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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Analyst Recommendations for Telefonica (BME:TEF)

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