Credit Suisse Group set a €8.60 ($10.00) price objective on Telefonica (BME:TEF) in a research report sent to investors on Friday. The firm currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on TEF. Deutsche Bank set a €10.70 ($12.44) target price on Telefonica and gave the stock a buy rating in a report on Wednesday, June 27th. Sanford C. Bernstein set a €6.40 ($7.44) target price on Telefonica and gave the stock a sell rating in a report on Thursday, June 21st. UBS Group set a €10.00 ($11.63) target price on Telefonica and gave the stock a buy rating in a report on Friday, June 29th. Goldman Sachs Group set a €8.85 ($10.29) target price on Telefonica and gave the stock a buy rating in a report on Wednesday, June 27th. Finally, Royal Bank of Canada set a €7.00 ($8.14) target price on Telefonica and gave the stock a sell rating in a report on Thursday, July 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of €9.12 ($10.61).

Shares of TEF stock opened at €8.20 ($9.53) on Friday. 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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Analyst Recommendations for Telefonica (BME:TEF)

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