O2 (ETR:O2D) Receives a Higher Rating From HSBC. Will This be a Boost to the Share Price?

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O2 (ETR:O2D) Stock Upgrade

O2 (ETR:O2D) shares were increased by research analysts at HSBC to a solid Buy rating in a recent research report distributed to Clients today. Analysts currently have a EUR 6.30 target on the shares. HSBC’s target would possibly suggest a possible upside of 18.87%.

From a total of 11 analysts covering O2 (ETR:O2D) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 4 a ”Hold”. This means that 55% of the ratings are positive. The highest target price is €6.32 while the lowest target price is €4.70. The mean of all analyst targets is €5.92 with a 11.70% above today’s (€5.3) stock price. O2 was the topic of 27 analyst reports since June 23, 2015 according to the firm StockzIntelligence Inc. HSBC upgraded shares on November 18 to “Buy” rating. Commerzbank upgraded shares to “Add” rating and €6.20 target share price in a report from an October 22. DZ-Bank AG downgraded O2D stock in a recent report from November 10 to “Sell” rating. Nomura upgraded the rating on October 22. Nomura has a “Buy” rating and a €6.20 price target on shares. Finally, Warburg Research maintained the stock with “Hold” rating in a report issued on an October 30.

The stock increased 0.09% or EUR 0.01 on December 2, striking EUR 5.3. Approximately 1.43M shares of stock traded hands. Telefonica Deutschland Holding AG (ETR:O2D) has risen 6.00% since November 3, 2015 and is uptrending. It has outperformed by 6.20% the S&P500.

 O2 (ETR:O2D) Receives a Higher Rating From HSBC. Will This be a Boost to the Share Price?

Telefonica Deutschland Holding AG is a Germany firm engaged in the telecommunication industry. The company has a market cap of 15.77 billion EUR. The Firm offers mobile and fixed-line services providing voice, data and other services to retail and business customers. It currently has negative earnings. It also acts as a wholesale provider, offering access to its infrastructure and service capabilities to its wholesale partners.

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