Jefferies Financial Group Reiterates “€9.40” Price Target for Telefonica (TEF)

Telefonica (BME:TEF) has been given a €9.40 ($10.93) target price by equities research analysts at Jefferies Financial Group in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 14.63% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank set a €10.70 ($12.44) target price on Telefonica and gave the company a “buy” rating in a report on Tuesday, July 3rd. UBS Group set a €10.00 ($11.63) target price on Telefonica and gave the company a “buy” rating in a report on Wednesday, July 18th. Berenberg Bank set a €9.20 ($10.70) target price on Telefonica and gave the company a “buy” rating in a report on Tuesday, September 18th. Kepler Capital Markets set a €8.30 ($9.65) target price on Telefonica and gave the company a “neutral” rating in a report on Thursday, July 26th. Finally, JPMorgan Chase & Co. set a €8.50 ($9.88) target price on Telefonica and gave the company a “neutral” rating in a report on Thursday, July 26th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of €8.56 ($9.95).

BME:TEF traded up €0.15 ($0.17) during trading hours on Wednesday, reaching €8.20 ($9.53). 33,480,000 shares of the company traded hands, compared to its average volume of 23,390,000. Telefonica has a 1-year low of €7.45 ($8.66) and a 1-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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