Will the Recent Goldman Sachs Group Inc. Upgrade Help Telefonica (BME:TEF) Shares This Week?


Telefonica (BME:TEF) Stock Upgrade

In an interesting research report revealed to clients on Friday morning, research analysts at the Goldman Sachs Group Inc. equity division raised shares of Telefonica (BME:TEF) to a respectable “Buy” rating. They now have a target PPS set at EUR 14.50 on TEF equating to 34.63% more upside.

From a total of 1 analysts covering Telefonica (BME:TEF) stock, 0 rate it a ”Buy”, 1 a “Sell”, and 0 a ”Hold”. This means that 0% of the ratings are positive. The highest target price is €12.05 while the lowest target price is €12.05. The mean of all analyst targets is €12.05 with a 15.84% above today’s (€10.73) stock price. Telefonica was the topic of 12 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. Landesbank upgraded shares on November 11 to “Buy” rating. Deutsche Bank downgraded shares to “Sell” rating and €9.80 target share price in a report from a September 17. Goldman Sachs upgraded TEF stock in a recent report from November 6 to “Buy” rating. HSBC upgraded the rating on September 11. HSBC has a “Buy” rating and a €14.40 price target on shares. Finally, Jefferies downgraded the stock to “Sell” rating in a report issued on a September 17.

The stock decreased 1.38% or EUR 0.15 on December 10, striking EUR 10.73. Approximately 23.07M shares of stock traded hands. Telefonica SA (BME:TEF) has declined 22.16% since May 8, 2015 and is downtrending. It has underperformed by 20.23% the S&P500.

 Will the Recent Goldman Sachs Group Inc. Upgrade Help Telefonica (BME:TEF) Shares This Week?

Telefonica, S.A. is an integrated and diversified telecommunications group operating in Europe and Latin America. The company has a market cap of 53.78 billion EUR. The Firm operates the following divisions: Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica UK and Telefonica Hispanoamerica. It has 23.5 P/E ratio. These divisions are engaged in activities relating to wireline, wireless, cable, Internet, television businesses and other digital services in accordance with each location.

According to Zacks Investment Research, “Telefonica is the largest supplier of telecommunications services in the Spanish and Portuguese speaking world. They provide fixed-link public voice telephone, mobile phone service, internet access, data transmission, directories and broadcast media.” Get a free copy of the Zacks research report on Telefonica SA (TEF).