Are Analysts Bullish Telefónica, S.A. (NYSE:TEF) After Last Week?

August 10, 2018 - By Kristin Houston

Telefónica, S.A. (NYSE:TEF) Logo

Telefónica, S.A. (NYSE:TEF) Ratings Coverage

Among 3 analysts covering Telefonica (NYSE:TEF), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Telefonica had 3 analyst reports since April 12, 2018 according to SRatingsIntel. The stock of Telefónica, S.A. (NYSE:TEF) has “Buy” rating given on Wednesday, June 13 by Morgan Stanley. Goldman Sachs downgraded Telefónica, S.A. (NYSE:TEF) on Monday, July 23 to “Neutral” rating. J.P. Morgan downgraded Telefónica, S.A. (NYSE:TEF) on Thursday, April 12 to “Hold” rating. Below is a list of Telefónica, S.A. (NYSE:TEF) latest ratings and price target changes.

23/07/2018 Broker: Goldman Sachs Old Rating: Buy New Rating: Neutral Downgrade
13/06/2018 Broker: Morgan Stanley Rating: Buy Upgrade
12/04/2018 Broker: J.P. Morgan Rating: Hold Downgrade

The stock decreased 2.22% or $0.195 during the last trading session, reaching $8.575. About 449,530 shares traded. Telefónica, S.A. (NYSE:TEF) has declined 19.91% since August 10, 2017 and is downtrending. It has underperformed by 32.48% the S&P500.

Telefónica, S.A. provides mobile and fixed communication services primarily in the European Union and Latin America. The company has market cap of $44.38 billion. The companyÂ’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. It has a 12.95 P/E ratio. The Company’s fixed telecommunication services include PSTN lines; ISDN accesses; public telephone services; local, domestic, and international long-distance and fixed-to-mobile communications; corporate communications; supplementary and business oriented value-added; video telephony; intelligent network; and telephony information services.

More news for Telefónica, S.A. (NYSE:TEF) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For August 10, 2018” on August 10, 2018. Seekingalpha.com‘s article titled: “Telefonica SA 2018 Q2 – Results – Earnings Call Slides” and published on July 26, 2018 is yet another important article.

Telefónica, S.A. (NYSE:TEF) Ratings Chart

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